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.
Housing Inventory Trends
The number of active listings in SALT LAKE CITY (84109) dropped by 8.7% 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 June dropped by 54.5% from the previous month.
The percent of unoccupied properties is very low in SALT LAKE CITY (84109) . It is 8.02% below the national average.
Additional Statistics for Single Family Homes and Condos in Salt Lake City, Utah
$559,730 40 115 Not Available
Median Listing Price Median Days on Market Active Listings Distressed Listings - Short Sale
As you can see we still have a strong market and with the lower interest rates around 3.5% this will make housing more affordable. For more homes on the market click Millcreek Homes for Sale. If there are any homes you would like to preview, call me and I will set up some appointments.
Thinking of selling. . . click Awesome Home Evaluation. Fill out the information and I will be happy to send you a home evaluation. Also I will include tips on helping you sell your home in the shortest possible time with the least amount of inconvience for the highest value.
Sandy Straley, Broker