March was a little bit of a mixed bag when it comes to Salt Lake County home sales. On the bright side the month on month days on market (average time taken to sell a home) decreased from 87 to 80, number of homes sold increased 30.09% year on year and over 51% month on month. On the down side the average home price continued to fall, declining 9.37% year on year, and the price per square ft. fell to $98.
Looking forward, given current market activity, we should see a nice increase in home sales over the next few months as people rush to claim their home buyer’s tax credit.
Total Sales 964
Average List Price $240,561
Average Sale Price $233,322
Sale Vs List 97%
Average Sq. Ft. 2,474
Price Per Sq. Feet $98
Days on Market 80
You can read this post about Salt Lake County Home Prices and other posts on our real estate blog.
Tags: Home Prices, Home Sales, Homes Sold, Housing Market, Salt Lake County Home Prices, Salt Lake Homes, Salt Lake Housing Market, Salt Lake Real Estate, Utah Housing Market
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It will be really interesting to see how the market will do now the tax incentives for buyers have been removed. I guess we will just have to wait a couple of months to see what happens.