Let's take a look at what the real estate market has in store for us . . . . .. .
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) dropped by 10.9% from the previous month.
The median number of days active properties have been listed is 68. This is significantly shorter than the national average.
The percent of unoccupied properties is very low in SALT LAKE CITY (84117) . It is 9.25% below the national average.
The percent of rental properties in SALT LAKE CITY (84117) is 14.49% above the national average which is typical for urban areas.
Additional Statistics for Single Family Homes and Condos in Salt Lake City, Utah
$$600,400 is the median price of homes
68 median days on the market
128 active listings
.08% distressted sales - short sales & foreclosures
As you can see prices are rising and the inventory is stil low which means for a great market again this year. If you would like to preview any homes on the market in this area click Millcreek Homes and I will be happy to make appointments for you to preview the homes.
Looking to sell. . . . click Home Evaluation and I will be happy to get you a Competitive Market Analysis on your home. I can also give you information to help you set a good market price for your home that will sell in the shortest possible time with the least amount of inconvience to you.
Sandy Straley, Broker