Monday, July 19, 2010

How Are Home Sales Doing in Salt Lake City Utah?

The Real Estate Report Card.com!

Here are some interesting facts about our Salt Lake City Utah real estate market!

  • Home prices are down 6.78% from the same time last year.
  • Our average price per sq foot is up $1.76 from February of this year.
  • Our average sold to original list price ratio is 84%.
  • The week of 4/26 had the most homes for sale, followed by this week at 7763, just 3 units difference.
  • The week of 2/11 had the lowest number of homes for sale at 7076.
  • The week of 5/4 had the most units under contract
  • The week of 5/19 had the highest number of sales at 1133.
  • Our lowest number of sales this year occurred the week of 2/16 with 470 units sold.
  • With 692 units sold the last 30 days, we are at 61% of our peak sales so far this year.

Here are the numbers looking back from 7/19/2010.

ALL LISTINGS

Total # Actives 7763
Sold last 30 days 692
Sold 365 Days 11549
Listed last 30 days 1561
Total Pending Sales 1383
Pending last 30 days 669
Expired last 30 days 1020
Expired listings 365 Days 12286
Months Supply of Homes 11.2

SHORT SALES

Total # Actives 1667
Sold last 30 days 121
Sold 365 days 1398
Listed last 30 days 239
Total Pending Sales 255
Pending last 30 days 94
Expired last 30 days 173
Expired listings 365 Days 2158
Months Supply of Homes 13.7

Average Days on Market 110

21.4 % of our active listings are Short Sales...
15.3 % of the homes listed in the last 30 days are Short Sales...
18.4 % of the homes pending are Short sales...
16.9 % of pending homes in the last 30 days are Short Sales...
17.4 % of the total homes sold in the last 30 days were short sales...

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