Salt Lake County Market Updated for September 2012
Another good month for the Salt Lake County real estate market saw home sales and prices on the increase. A total of 1,016 homes were sold in September (includes all types of homes), up from 997 a year earlier. Home prices were also up, with the median home price increasing from $185,000 to $195,000. Homes were also selling fast, with a CDOM of 34 days, considerably faster than the 74 days seen in September 2011.
Total Sales 1,016
Median Sales Price $195,000
Median Sq. Ft. 2,089
Median Price Per Sq. Ft. $91.20
Median Days On Market 34
The outlook for the local real estate market remains upbeat, with the new construction property market being especially strong. This is partly due to the limited inventory of resale properties currently available on the market.
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