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 2.8% from the previous month.
The median number of days active properties have been listed is 62. 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 SLC
Median List Price -- $595,690
Median Days on Market 69
Active Listings 134
Distressed Listings ( foreclosures or short sales) 0.7%
As you can see we have a really strong real estate market coming into the spring. The interest rates have not risen much averaging around 5% which makes your monthly payment still affordable. For more information on your area. . . . click Market Insider and put in your zip code. This is an awesome features because it will not only tell you about the real estate activity in your area but will also give you information on the schools, community information, compare areas and insider tips. Please take advantage of all this great information on my web site. And of course, call me to help you with all your real estate needs.
Sandy Straley, Broker