Salt Lake January 2012 Real Estate Market Update

There were a total of 730 home sales for Salt Lake County in January 2012, a sharp rise from just 570 seen a year earlier. While some of this increase may be down to the mild winter we are experiencing, it is in fact a five year high, and is the most encouraging sign we have seen for some time. While home sales are up, the average home price of ($206,869) was down compared to last month ($220,968) and Jan. last year ($236,020). This in part is down to the fact that it seemed to be the smaller homes that were selling, with the average size of a home at 2,341 square feet, compared to 2,579 a year ago. The time taken to sell a home was 133 days, a substantial drop from 146 a year earlier.

Total Sales 730
Average Sale Price $206,869
Average Sq. Ft. 2,341
Price Per Sq. Feet $87.60
Days on Market 133

You cann find more info on the Salt Lake Housing Market on my other blog. I have also posted the latest annual Salt Lake Home Prices on our website.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter to stop spam *