-
Salt Lake County single family homes 2nd quarter 2010 real estate sales
Posted on July 7th, 2010 No commentsThese numbers are for the entire county which includes all of the cities, townships, and unincorporated suburbs. The median price of single family homes basically held steady at $218,000. The big news was the number of closings. 2766 sales is a number we haven’t seen since the market was peaking 2 years ago when the median price was $256,000.
We can hope that this is indicating a bottoming of the fall.
Salt Lake county single family home sales 2007-2010 2nd qt
Salt Lake county single family home sales 1996-2010 2nd qtUsing sales from the previous six months shows an absorption rate of 759 homes per month and an which would last 8.4 months. Still a buyer’s market. A balanced market is considered to be six months of inventory.
Leave a reply
martinis in the attic
All the drama, pathos, and comedy that is real estate in Salt Lake. A crisp mix of fact and folly served straight up with a twist from mixologist and licensed Realtor, Brad Dundas. Never too dry but occasionally bitter.
About me
Brad is a Salt Lake Realtor who has been schlepping buyers and schmoozing sellers since 1992. Sticking signs and foisting flyers up and down the Wasatch Front. From the Harvard Yale to Herriman, Capitol Hill to Copperton, Millcreek to Magna, Avenues to… Well, you get the idea (and the search engines get the key words).