Monday, June 6, 2011

Salt Lake Real Estate Market Improving - 6-6-2011

The Real Estate Report Card.com!

Our number of short sales have declined to just under 25%. Our peak number so far occurred the week of February 7th, 2011 with 27% of the active listings being short sales. Let's hope that number continues to decline. Most of the year 2010 saw us in the 21-23% range.


Since the beginning of 2010, our inventory was at it's lowest January of this year with 6339 active listings and the peak with 7772 active listings in July, 2010. We are currently at 6561.

Lets take a look at our 30 day snapshot of our County Real Estate Market!

Here are the numbers looking back from 6/6/2011.

ALL LISTINGS
Total # Actives 6561
Sold last 30 days 829
Sold 365 Days 9691
Listed last 30 days 1492
Total Pending Sales 1623
Pending last 30 days 985
Expired last 30 days 787
Expired listings 365 Days 12034
Months Supply of Homes 7.9

SHORT SALES
Total # Actives 1637
Sold last 30 days 115
Sold 365 days 1414
Listed last 30 days 245
Total Pending Sales 237
Pending last 30 days 120
Expired last 30 days 233
Expired listings 365 Days 2652
Months Supply of Homes 14.2

Average Days on Market 123
Average Price per Sq Foot $90
Homes are selling for 90 % of original list price

24.9 % of our active listings are Short Sales...
16.4 % of the homes listed in the last 30 days are Short Sales...
14.6 % of the homes pending are Short sales...
29.6 % of pending homes in the last 30 days are Short Sales...
13.8 % of the total homes sold in the last 30 days were short sales...

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