Wednesday, October 9, 2013

The Real Estate Report Card - Salt Lake City Home Sales

The Real Estate Report Card - Salt Lake City Home Sales


Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market!
Here are the numbers looking back from 10/7/2013.

The end of May - first of June was the busiest time in our market this year so far. The week of May 28th showed almost 1600 homes pending, we now have 1008. The market has slowed down considerably as it usually does. With a little over 4 months for an absorption rate, the market is still very good. I predict a slight downward trend in home prices as we move into the winter months.
All in all, the market is still very good, and it is still a great time to Buy & Sell! With less pressure from buyers, the market is stabilizing and becoming a little more neutral.

Average Price per Sq Foot $113
Average Days on Market 57
Homes are selling for 96 % of original list price
Months Supply of Homes 4.3


ALL LISTINGS
Total # Actives 4617
Sold last 30 days 1062
Sold last 365 Days 14543
Listed last 30 days 1432
Total Pending Sales 1814
Pending last 30 days 1008
Expired last 30 days 668
Expired 365 Days 5832

SHORT SALES
Total # Actives 707
Sold last 30 days 71
Sold last 365 days 1467
Listed last 30 days 82
Total Pending Sales 139
Pending last 30 days 47
Expired last 30 days 81
Expired listings 365 Days 943
Months Supply of Homes 10

REO/BANK OWNED
Total # Actives 67
Sold last 30 days 39
Sold last 365 Days 582
Listed last 30 days 34
Total Pending Sales 23
Pending last 30 days 16
Expired last 30 days 4
Expired listings 365 Days 30
Months Supply of Homes 1.7

SHORT SALES
15.3 % of our active listings are Short Sales...
5.7 % of the homes listed in the last 30 days re Short Sales...
7.6 % of the homes pending are Short sales...
4.6 % of pending homes in the last 30 days are Short Sales...
6.6 % of the total homes sold in the last 30 days were short sales...

REO/BANK OWNED
1.4 % of our active listings are Bank Owned…
2.3 % of the homes listed in the last 30 days are Bank Owned...
1.2 % of the homes pending are Bank Owned...
1.5 % of pending homes in the last 30 days are Bank Owned
3.6 % of the total homes sold in the last 30 days were Bank Owned...

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