Taking a look at the December market in Holladay and Millcreek area. . . . .
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 (84116) dropped by 15.2% from the previous month.
The median number of days active properties have been listed is 42. This is significantly shorter than the national average.
The percent of unoccupied properties is very low in SALT LAKE CITY (84116) . It is 9.84% below the national average.
The percent of rental properties in SALT LAKE CITY (84116) is 19.88% above the national average which is typical for urban areas.
Median Listing Price $285,530
Median Days on the Market 42
Active Listings 53
Distressed Listings 5.7%
Foreclosures and Short Sales
As you can see the real estate market is still strong, but not many houses on the market at this time. The interest rates are low close to 3.1%. . .. Check out more houses at infor at www.saltlakecityvalleynewhome.com and enter your desired zip code
Looking to see. . . Call me
Sandy Straley, Broker