Here is a look for how the market is responding in October. . . . .
Housing Market 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.
Some sales are not immediately available from public records. As they become available, the data are updated.
Housing Inventory Trends
The number of active listings in SALT LAKE CITY (84117) increased by 0.3% from the previous month.
The median number of days active properties have been listed is 45. This is significantly shorter than the national average.
The number of sales in August dropped by 15.4% from the previous month.
Property Ownership
The percent of unoccupied properties is very low in SALT LAKE CITY (84117) . It is -9.1% below the national average.
The percent of rental properties in SALT LAKE CITY (84117) is 14.46% above the national average which is typical for urban areas.
Additional Statistics for Single Family Homes and Condos in SALT LAKE CITY, UT
$513,870 45 163 1.2%
Median Listing Price Days on the Market Active Listings Distressed Listings
(short sales & foreclosures)
As you can see there is still a strong real estate market. There are homes stilling selling with plenty of purchasers out there buying their dream homes. If you would like to check the market in your area . . .. click Market Insider and type in your zip code.
If you have any questions or concerns in the real estate market, feel free to call me. Also any referrals from friends and relatives are appreciated -- you keep my business growing. . . . .
Sandy Straley, Broker
Rindlesbach Homes
801-808-8110
www.saltlakecityvalleynewhome.com
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