According to the Salt lake Board of Realtors we have hit the highest pricing of homes on records in the Salt Lake Valley. . . . lets look also at the volume and time homes are on the market in the Millcreek and surrounding area. . . . .
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.
Some sales are not immediately available from public records. As they become available, the data are updated.
The number of active listings in SALT LAKE CITY (84106) dropped by 3.5% from the previous month.
The median number of days active properties have been listed is 40. This is significantly shorter than the national average.
The number of sales in July dropped by 93.5% from the previous month
The percent of rental properties in SALT LAKE CITY (84106) is 17.45% above the national averge which is typical of an urban area.
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