Category Archives: Salt Lake Market Update

August 2018 Salt Lake County Real Estate Market Video Update

August 2018 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 month of July. 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 19% from 2017 with 2,164 units on the market and up 2% from the previous month. The median listing price was just under $460,000. The average days on market was up 8% from 24 days in 2017 to 26 days in 2018. The median sales price was just under $370,000. The averages for units sold in the month of June decreased 4% for units sold year over year and decreased 17% month over month with a total of 1,136 units sold.

Salt Lake County – Condominiums: Active inventory was down 27% from 2017 with 512 units on the market and down 1% from the previous month. The median listing price was just under $300,000. The average days on market was down 4% from 23 days in 2017 to 22 days in 2018. The median sales price was just over $240,000. The averages for the month of June show an decrease of 6% for units sold year over year and decreased 17% over the previous month with a total of 374 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 2018 Salt Lake County Real Estate Market Video Update

July 2018 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 18% from 2017 with 2,022 units on the market and up 3% from the previous month. The median listing price was $460,000. The average days on market was up 0% from 22 days in 2017 to 24 days in 2018. The median sales price was just over $360,000. The averages for units sold in the month of June decreased 8% for units sold year over year and increased 5% month over month with a total of 1,290 units sold.

Salt Lake County – Condominiums: Active inventory was down 36% from 2017 with 481 units on the market and up 3% from the previous month. The median listing price was $300,000. The average days on market was up 24% from 25 days in 2017 to 31 days in 2018. The median sales price was just under $250,000. The averages for the month of June show an increase of 0% for units sold year over year and increased 4% over the previous month with a total of 430 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

June 2018 Salt Lake County Real Estate Market Video Update

June 2018 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 11% from 2017 with 1,888 units on the market and up 8% from the previous month. The median listing price was just under $450,000. The average days on market was down 8% from 25 days in 2017 to 23 days in 2018. The median sales price was $360,000. The averages for units sold in the month of May decreased 16% for units sold year over year and increased 6% month over month with a total of 1,144 units sold.

Salt Lake County – Condominiums: Active inventory was down 34% from 2017 with 455 units on the market and up 6% from the previous month. The median listing price was just over $300,000. The average days on market was up 21% from 24 days in 2017 to 29 days in 2018. The median sales price was just under $240,000. The averages for the month of May show an increase of 6% for units sold year over year and increased 7% over the previous month with a total of 423 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

April 2018 Salt Lake County Real Estate Market Video Update

April 2018 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 24% from 2017 with 1,413 units on the market and down 7% from the previous month. The median listing price was $469,900. The average days on market was down 8% from 37 days in 2017 to 34 days in 2018. The median sales price was just over $353,000. The averages for units sold in the month of March decreased 11% for units sold year over year and increased 24% month over month with a total of 1,016 units sold.

Salt Lake County – Condominiums: Active inventory was down 18% from 2017 with 445 units on the market and down 7% from the previous month. The median listing price was just under $300,000. The average days on market was up 25% from 24 days in 2017 to 30 days in 2018. The median sales price was just under $240,000. The averages for the month of March show a increased of 10% for units sold year over year and increased 55% over the previous month with a total of 388 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

March 2018 Salt Lake County Real Estate Market Video Update

March 2018 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 23% from 2017 with 1,367 units on the market and down 14% from the previous month. The median listing price was $439,900. The average days on market was up 4% from 45 days in 2017 to 43 days in 2018. The median sales price was just under $340,000. The averages for units sold in the month of February increased 4% for units sold year over year and held steady month over month with a total of 7613 units sold.

Salt Lake County – Condominiums: Active inventory was down 13% from 2017 with 449 units on the market and down 13% from the previous month. The median listing price was $285,000. The average days on market was up 42% from 30 days in 2017 to 43 days in 2018. The median sales price was just over $234,000. The averages for the month of February show a decrease of 7% for units sold year over year and decreased 12% over the previous month with a total of 236 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

January 2018 Salt Lake County Real Estate Market Video Update

January 2018 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 26% from 2017 with 1,579 units on the market and down 27% from the previous month. The median listing price was just $430,000. The average days on market was up 16% from 37 days in 2017 to 43 days in 2018. The median sales price was just under $330,000. The averages for units sold in the month of December decreased 10% for units sold year over year and decreased 16% month over month with a total of 921 units sold.

Salt Lake County – Condominiums: Active inventory was down 4% from 2016 with 554 units on the market and down 12% from the previous month. The median listing price was just under $270,000. The average days on market was up 9% from 33 days in 2017 to 36 days in 2018. The median sales price was just under $240,000. The averages for the month of December show an increase of 2% for units sold year over year and decreased 6% change over the previous month with a total of 308 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

December 2017 Salt Lake County Real Estate Market Video Update

December 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 21% from 2016 with 2,025 units on the market and down 17% from the previous month. The median listing price was $400,000. The average days on market was up 13% from 32 days in 2016 to 36 days in 2017. The median sales price was just over $330,000. The averages for units sold in the month of November decreased 8% for units sold year over year and decreased 15% month over month with a total of 985 units sold.

Salt Lake County – Condominiums: Active inventory was down 5% from 2016 with 595 units on the market and down 14% from the previous month. The median listing price was just under $270,000. The average days on market was down 3% from 33 days in 2016 to 32 days in 2017. The median sales price was just under $230,000. The averages for the month of December show an increase of 8% for units sold year over year and 29% change over the previous month with a total of 287 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

October 2017 Salt Lake County Real Estate Market Video Update

October 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 12% from 2016 with 2,615 units on the market and down 1% from the previous month. The median listing price was just over $410,000. The average days on market was up 19% from 27 days in 2016 to 32 days in 2017. The median sales price was $326,500. The averages for units sold in the month of September decreased 18% for units sold year over year and decreased 19% month over month with a total of 1,005 units sold.

Salt Lake County – Condominiums: Active inventory was down 15% from 2016 with 637 units on the market and up 2% from the previous month. The median listing price was just over $270,000. The average days on market was up 4% from 27 days in 2016 to 28 days in 2017. The median sales price was just over $212,000. The averages for the month of September show a decrease of 9% for units sold year over year and down 21% over the previous month with a total of 359 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

August 2017 Salt Lake County Real Estate Market Video Update

August 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 21% from 2016 with 2,309 units on the market and up 2% from the previous month. The median listing price was just over $424,900. The average days on market was down 4% from 25 days in 2016 to 24 days in 2017. The median sales price was just under $325,000. The averages for units sold in the month of July decreased 12% for units sold year over year and decreased 20% decrease month over month with a total of 1,094 units sold.

Salt Lake County – Condominiums: Active inventory was down 29% from 2016 with 560 units on the market and down 12% from the previous month. The median listing price was just under $269,800. The average days on market was down 4% from 24 days in 2016 to 23 days in 2017. The median sales price was just under $230,000. The averages for the month of July show a decrease of 2% for units sold year over year and down 12% over the previous month with a total of 369 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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