Housing Market
The average sales price for a home in Salt Lake County was $216,163 in November 2011. This was a drop of 0.26% compared to last month and 10.84% compared to November 2010. Despite November being a seasonally slow time of year, there were 849 homes sold, an increase of 13.05% from last year. The average [...]
Continue reading about Nov. 2011 Salt Lake Housing Market Update
Salt Lake County home sales rose sharply in October 2011, with 971 homes sold compared to 737 in October 2010. While the number of sales was well up, the average sale price continued to struggle, dropping from $243,588.63 to $216,563.16 in the last 12 months. Homes were selling faster; the number of days it took [...]
Continue reading about Oct. 2011 Salt Lake County Home Sales
There were some good pointers in the latest Salt Lake County housing sales data for August 2011. First of all the number of homes sold topped the 1000 mark for the forth month in a row. There were 1,086 homes sold, that’s an increase of 38.52% from Aug 2010, and an increase of 7.12% from [...]
Continue reading about Salt Lake County Home Sales Data August 2011
The Salt Lake housing market remained depressed in the first quarter 2011. The Salt Lake County home prices dropped 9.66% over the last 12 months, with the new median sales price for all types of home being $187,000. Salt Lake County Single Family Home Sales First Quarter 2011 Median Home Price: $200,000 Average Home Price: [...]
Continue reading about Salt Lake County First Quarter 2011 Housing Market
While the number of homes sold increased 10.99% from Jan to Feb, home prices continue to struggle in the Salt Lake County housing market. The average sales price dropped from $243,717 to $214,125 over the last 12 months, and the average price per square foot dropped below $90 for the first time since April 2005. [...]
Continue reading about February 2011 Salt Lake County Housing Market Stats
November 2010 saw a total of 727 homes sold in Salt Lake County. This was a slight increase of 0.41% over the previous month but a large drop of 35.09% compared to the previous year. On the bright side the average sales price saw a modest increase of 4.18% to $242,628 compared to November 2009. [...]
Continue reading about November 2010 Salt Lake County Home Sales
There were 707 Salt Lake County homes sold in October 2010, which was a decline of 35% compared to the same month in 2009. The average sales price was $245,341, an increase of 2.81% year on year, but a drop of 5.2% compared to last month. Some of the month on month price drop could [...]
Continue reading about October 2010 Salt Lake County Market Summary
While there are early signs of a housing market recovery, in the whole Salt Lake County yet again remained sluggish at best, with home prices continuing to come under pressure. Single Family Housing Stats Third Quarter 2010 Number of Homes Sold : 1902 Median Price : $229,900 Days On Market : 85 Third Quarter 2009 [...]
Continue reading about Salt Lake County 3rd Quarter 2010 Housing Sales
While it may seem like a far-fetched idea (especially if you are trying to sell your home at the moment), an increasing number of economists are predicting a housing shortage in 2011/2012. How you might ask, can we have a shortage of homes given the current sluggish housing market? Well it’s all got to do [...]
