Tag Archives: salt lake market update

November 2017 Salt Lake County Real Estate Market Video Update

November 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 17% from 2016 with 2,345 units on the market and down 14% from the previous month. The median listing price was just over $414,000. The average days on market was up 10% from 30 days in 2016 to 33 days in 2017. The median sales price was $330,000. The averages for units sold in the month of October decreased 1% for units sold year over year and increased 1% month over month with a total of 1,102 units sold.

Salt Lake County – Condominiums: Active inventory was down 1% from 2016 with 669 units on the market and up 1% from the previous month. The median listing price was just over $268,000. The average days on market was up 6% from 31 days in 2016 to 33 days in 2017. The median sales price was just over $225,000. The averages for the month of October show an increase of 6% for units sold year over year a 0% change over the previous month with a total of 380 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

July 2017 Salt Lake County Real Estate Market Video Update

July 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 25% from 2016 with 2,123 units on the market and up 11% from the previous month. The median listing price was  $430,000. The average days on market was down 8% from 24 days in 2016 to 22 days in 2017. The median sales price was just under $330,000. The averages for units sold in the month of June decreased 15% for units sold year over year and decreased 11% month over month with a total of 1,224 units sold.

Salt Lake County – Condominiums: Active inventory was down 29% from 2017 with 569 units on the market and down 1% from the previous month. The median listing price was just over $265,000. The average days on market was down 8% from 25 days in 2016 to 23 days in 2017. The median sales price was just under $220,000. The averages for the month of June show a decrease of 16% for units sold year over year and decreased 7% over the previous month with a total of 368 units sold.

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March 2017 Salt Lake County Real Estate Market Video Update

March 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 38% from 2016 with 1,397 units on the market and down 17% from the previous month. The median listing price was $430,000. The average days on market was down 4% from 47 days in 2016 to 45 days in 2017. The median sales price was $300,000. The averages for units sold in the month of December decreased 15% for units sold year over year and decreased 4% decrease month over month with a total of 672 units sold.

Salt Lake County – Condominiums: Active inventory was down 51% from 2017 with 371 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 33% from 46 days in 2016 to 31 days in 2017. The median sales price was just over $200,000. The averages for the month of December show a increase of 11% for units sold year over year and up 12% over the previous month with a total of 243 units sold.

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