Supply and Demand along the Wasatch Front
The Jones team tracks available inventory along the Wasatch front. In fact we regularly update a spreadsheet that tracks how many homes are active in Salt Lake, Davis and Utah counties. We have found like every other free market supply and demand is what dictates prices and were prices are headed.
In 2009 it was a challenge to send only 200 bank owned homes on our weekly mailer because there was over 400 to choose from. Today there are only 127 active bank owned homes in Salt Lake, Davis and Utah Counties combined! These are a few other facts you might find interesting:
|
Date
|
Total number of homes on MLS as Active in Salt Lake, Davis and Utah Counties
|
|
September 2010 |
14,207 |
|
January 2011 |
12,108 |
|
June 2011 |
12,329 |
|
January 2012 |
9,233 |
|
June 2012 |
8,914 |
In the last 30 days in Salt Lake, Davis and Utah Counties 1,718 homes sold! That is 57 homes sold every day! The other interesting fact is back in 2009 there was very few homes to be built on our mls because it was a waste of time to advertise a home that wasn’t there. Right now today there are 1299 homes under construction or to be built out of the 8,914 available!!!
