April 2017 Salt Lake County Real Estate Market Update

April 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 37% from 2016 with 1,521 units on the market and down 6% from the previous month. The median listing price was $435,000. The average days on market was down 16% from 45 days in 2016 to 38 days in 2017. The median sales price was just under $320,000. The averages for units sold in the month of December decreased 7% for units sold year over year and increased 43% month over month with a total of 1,036 units sold.

Salt Lake County – Condominiums: Active inventory was down 47% from 2017 with 398 units on the market and down 19% from the previous month. The median listing price was just under $270,000. The average days on market was down 43% from 42 days in 2016 to 24 days in 2017. The median sales price was just under $230,000. The averages for the month of December show a decrease of 1% for units sold year over year and up 27% over the previous month with a total of 243 units sold.

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