Price Trends - Sold vs Listed
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Market Inventory Trends
The number of active listings in Salt Lake City (84109) increased by 1.7% from the previous month.
The median number of days active properties have been listed is 42. This is significantly shorter than the national average.
The number of sales in May dropped by 88.6% from the previous month
The percent of unoccupied properties is very low in Salt Lake City (84109) . It is -8.7% below the national average.
Median Listing Price
Median Days on Market
(foreclosures and short sales)
The real estate market is consistantly changing as you can see from the above figures. If you are looking for a home in the area click on the link above. I will be happy to set up appointment to show you homes in the area.
Looking to sell your home click Free Home Evaluation and I will be happy to make sure you receive the information. Also I will give you some ideas on ways to help your home get the highest market value in a reasonable time frame with little inconvience to you. . . . .
Sandy Straley, Broker