Salt Lake Market Update
February 25th, 2008 Categories: Buying, Real Estate News
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Salt Lake Market Update
The Salt Lake Real Estate Market seems to be finding itself. Currently there are (as of this writing) 7,115 active residential listings in the MLS while more than half are between $120 - 350,000 at 4,120.
Here is the real story there are 1,591 listings that have a sale pending. For the total market that is just a hair over 18% which is not bad but not good when compared to the runaway seller’s market that we have come accustomed to in the past couple of years…
BUT over 75% of all the listings that have a sale pending are between the $120 - 350,000 ranges. That segment has a total of 5,325 listings. 4,120 active listings 1,205 with a sale pending which is almost 1 in four homes in that price range has a sale pending.
The average days on market for all properties that have a sale pending is 56, the $120-350,000 range the average is 51.
Click for a Full Copy of the Salt Lake County Real Estate Market Stats.
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