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  • Rose Park 2nd quarter 2010 real estate sales

    Posted on July 7th, 2010 admin No comments

    One of the most resilient neighborhoods in Salt Lake City bounces back this quarter with a median price of $156,000.  Aside from last quarter, the prices have been rising here for the last year.  The number of home sales are up as well, at 25.  The peak value for this area was $174,000 in the third quarter of 2007, so values have not tumbled as dramatically as other parts of the valley.
    Rose Park sales 2007-2010 2nd qt
    Rose Park sales 1996-2010 2nd qt

    Using sales data from the previous six months gives an absorption rate of 6.7 homes per month which gives a theoretical inventory of 7.7 months.  This is approaching a balanced market (6 month supply).

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