Salt Lake County Homes Sales for May 2009

May 2009 saw the number of homes sales in Salt Lake County go up for the forth straight month. There were 960 homes sold in May, compared to 850 in April. Another good sign was that the price per square foot increased for the second month in a row, and now stands at $102 per square foot compared to a recent low of $98 in March 2009. This means that the prices of homes are actually increasing. The number of days on market (how long it takes to sell a home), did increase slightly from last month, but is still down from its peak of 89 in March 2009.

Looking at the not so good side of the Salt Lake housing market, the number of short sale listings as jumped in recent months, and it remains to be seen what impact this will have on the homes sales stats in the near future.

Total Sales 960
Average List Price $273,835
Average Sale Price $264,290
Sale Vs List 97%
Average Sq. Ft. 2,602
Price Per Sq. Feet $104
Days on Market 85

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