Another Absorption report using just single family homes in Salt Lake County. When compared to the one we posted just a few weeks ago the available inventory continues to decrease!

SELLERS NOW IS THE TIME TO GET YOUR HOME ON THE MARKET!

BUYERS NOW IS THE TIME TO BUY! Before Appraisers catch up to what the market is doing. Call me today for a free market analysis on what your home is worth you might be surprised!

 

  2 Months 3 Months 4 Months 5 Months 6 Months 12 Months
Active Properties: 3,317 3,317 3,317 3,317 3,317 3,317
Under Contract Properties: 1,876 1,876 1,876 1,876 1,876 1,876
Sold Properties: 1,913 2,904 3,690 4,389 5,038 10,118
Market Absorption: 1,894.50 Per Month 1,593.33 Per Month 1,391.50 Per Month 1,253.00 Per Month 1,152.33 Per Month 999.50 Per Month
Inventory: 1.75 Months 2.08 Months 2.38 Months 2.65 Months 2.88 Months 3.32 Months