Salt Lake County Home Sales Up Sharply in July 2011

There was some encouraging Salt Lake County home sales data for July 2011, with the number of homes sold rising over 34% year on year, increasing from 744 to 1,002.

While the number of Salt Lake UT Homes sold was up, home prices over the last year were down 14% with the average sales price for a home being $223,942. Month on month the average price per square ft. ticked up to $92 per square ft.

The average amount of time taken to sell a home was 86 days, which while higher than last month, is down from the peak of 98 days seen earlier this year.

Looking forward, August 2011 sales are also looking good, with sales set to be somewhat higher than those seen last year.

Total Sales 1,002
Average List Price $231,235
Average Sale Price $223,942
Sale Vs List 97%
Average Sq. Ft. 2,432
Price Per Sq. Feet $92
Days on Market 86

You can read this post about Salt Lake County July 2011 Housing Sales and other posts on my real estate blog.

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