Salt Lake Home Sales Data for the Second Quarter 2011

Salt Lake Homes sales data for Salt Lake County showed some of the most positive signs of recovery we have seen for some years now.

While year on year prices for Single Family Homes and Condos declined from $208,000 to $189,900, compared to the last quarter prices actually seemed to stabilize, and even showed a slight increase going from $187,000 to $189,900. The number of homes sold was the best we have seen for a full year and the average time taken to sell a property (84 days) also dropped to the lowest level for a year.

Time will tell if this is truly a bottom, or just a breather on the way down.

2nd Quarter 2011
Median Home Price: $189,900
Homes Sold: 3034
Avg. Days on Market: 84

1st Quarter 2011
Median Home Price: $187,000
Homes Sold: 2168
Avg. Days on Market: 95

4th Quarter 2010
Median Home Price: $200,000
Homes Sold: 2324
Avg. Days on Market: 90

3rd Quarter 2010
Median Home Price: $219,925
Homes Sold: 2245
Avg. Days on Market: 88

2nd Quarter 2010
Median Home Price: $208,000
Homes Sold: 3500
Avg. Days on Market: 82

You can read this Salt Lake Homes Sales Data for the Second Quarter 2011 post on my real estate blog.

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