This graph shows how long homes took to sell in the 4th quarter of 2007.
This is only for SOLD homes. As you can see, for homes that DID sell, the average time on the market was 44 days.
The percentage of homes selling in 30 days or less was 43.7%.
The percentage of homes selling in 60 days or less was 72.3%.
The percentage of homes selling in 90 days or less was 88%.
The percentage of homes selling in more than 90 days was 12%.
|Days on Market|
|1 - 30||1,141|
|31 - 60||748|
|61 - 90||408|
|91 - 120||173|
|121 or Over||141|
|Days on Market is calculated by counting the days between the Listing Date and the Contract Date (the date the home goes under contract).|
This sounds good if you are a Seller. However, remember, this is only the time on the market for homes that SOLD. In the Fourth Quarter 2007, only 36.31% of all new listings SOLD. That means that over 63% of the homes listed DID NOT sell. This number is down slightly from the 3rd Quarter of 2007 which means that the market is doing slightly better. I'll break down some other statistics in a future post.
Homebuyer Representation, Inc. serves Salt Lake City, Utah and surrounding areas. We work for Home Buyers ONLY - to get the BUYER the best price and terms possible on the best home available!
As Exclusive Buyer's Agents, We do not list homes and we don't represent Sellers. If you are thinking about Buying a Home in the Salt Lake area in the next 3-6 months, call us at (801) 969-8989 or contact us via the link on this page.