As expected from the busy spring and summer months the number of available homes in Salt Lake County is very low.  Although teetering on the edge of a seller’s market when you lump all price ranges and areas together there are many micro markets you should know about before you start shopping or thinking about selling a home.  If you are one of the buyer's looking for a home under $200,000 you know how competitive the market is!    Likewise, our seller's with homes over $600,000 understand all too well how few buyers are shopping that market.       

For those of you looking in the strong seller markets with the season change to fall and winter there is less competition and more opportunities for you to find the perfect home and if you are a seller in the higher price range fall and winter buyers are serious buyers not just lookers so although there are fewer showings those buyers need to buy a home and it might be yours!  

To find out what your particular market neighborhood or price range is doing call or email the Jones team today. 

Absorption report for single family homes in Salt Lake County

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

3,178

3,178

3,178

3,178

3,178

3,178

Under Contract Properties:

1,565

1,565

1,565

1,565

1,565

1,565

Sold Properties:

1,862

2,947

3,987

4,963

5,992

10,646

Market Absorption:

931.00 Per Month

982.33 Per Month

996.75 Per Month

992.60 Per Month

998.67 Per Month

887.17 Per Month

Inventory:

5.09 Months

4.83 Months

4.76 Months

4.78 Months

4.75 Months

5.35 Months