Following are Absorption reports for homes in Salt Lake County.  The data is comprised of single family homes that are not short sales.  These reports clearly show why buyers in Salt Lake County are facing multiple offer situations and why prices are going up.   The low inventory levels make it crucial for a buyer to use a knowledgeable realtor to maximize the buyer’s chances of getting a home with multiple offers and seller's risk leaving money on the table unless they hire an agent that understands the market and were values are the day they list.    

When looking at the reports remember a healthy market has between 5 and 7 months of inventory available, a buyers market is over 7 months of inventory and a sellers market is under 5 months of inventory available.

If you want market data on your area please call, text or email the Jones Team anytime.

Homes under $100,000 that are not short sales Salt Lake County absorption rates:

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

49

49

49

49

49

49

Under Contract Properties:

60

60

60

60

60

60

Sold Properties:

91

160

224

281

347

826

Market Absorption:

45.50 Per Month

53.33 Per Month

56.00 Per Month

56.20 Per Month

57.83 Per Month

68.83 Per Month

Inventory:

2.40 Months

2.04 Months

1.95 Months

1.94 Months

1.88 Months

1.58 Months

 

Homes from $100,000 to $200,000 that are not short sales Salt Lake County absorption rates:

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

510

510

510

510

510

510

Under Contract Properties:

576

576

576

576

576

576

Sold Properties:

651

1,067

1,370

1,707

2,029

3,755

Market Absorption:

325.50 Per Month

355.67 Per Month

342.50 Per Month

341.40 Per Month

338.17 Per Month

312.92 Per Month

Inventory:

3.34 Months

3.05 Months

3.17 Months

3.18 Months

3.21 Months

3.47 Months

 

Homes from $200,000 to $300,000 that ar not short sales Salt Lake County Absorption rates:

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

730

730

730

730

730

730

Under Contract Properties:

468

468

468

468

468

468

Sold Properties:

569

895

1,186

1,479

1,681

2,866

Market Absorption:

284.50 Per Month

298.33 Per Month

296.50 Per Month

295.80 Per Month

280.17 Per Month

238.83 Per Month

Inventory:

4.21 Months

4.02 Months

4.04 Months

4.05 Months

4.28 Months

5.02 Months

Homes from $300,000 to $400,000 that are not short sales Salt Lake County Absorption rates:

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

501

501

501

501

501

501

Under Contract Properties:

229

229

229

229

229

229

Sold Properties:

228

389

506

609

694

1,154

Market Absorption:

114.00 Per Month

129.67 Per Month

126.50 Per Month

121.80 Per Month

115.67 Per Month

96.17 Per Month

Inventory:

6.40 Months

5.63 Months

5.77 Months

5.99 Months

6.31 Months

7.59 Months

Homes from $400,000 to $500,000 that are not short sales Salt Lake County Absorption rates:

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

258

258

258

258

258

258

Under Contract Properties:

88

88

88

88

88

88

Sold Properties:

102

170

225

276

305

513

Market Absorption:

51.00 Per Month

56.67 Per Month

56.25 Per Month

55.20 Per Month

50.83 Per Month

42.75 Per Month

Inventory:

6.78 Months

6.11 Months

6.15 Months

6.27 Months

6.81 Months

8.09 Months

 

Homes from $500,000 to $600,000 that are not short sales Salt Lake County Absorption rates:

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

129

129

129

129

129

129

Under Contract Properties:

45

45

45

45

45

45

Sold Properties:

54

85

106

124

140

242

Market Absorption:

27.00 Per Month

28.33 Per Month

26.50 Per Month

24.80 Per Month

23.33 Per Month

20.17 Per Month

Inventory:

6.44 Months

6.14 Months

6.57 Months

7.02 Months

7.46 Months

8.63 Months

Homes from $600,000 and Up that are not short sales in Salt Lake County Absorption rates:

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

341

341

341

341

341

341

Under Contract Properties:

51

51

51

51

51

51

Sold Properties:

52

92

123

148

173

300

Market Absorption:

26.00 Per Month

30.67 Per Month

30.75 Per Month

29.60 Per Month

28.83 Per Month

25.00 Per Month

Inventory:

15.08 Months

12.78 Months

12.75 Months

13.24 Months

13.60 Months

15.68 Months