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