November Salt Lake County Home Sales Increase

Salt Lake County saw its home sales increase from 751 in November 2010 to 864 in November 2011. While there were more Salt Lake UT Condos and Homes sold in Nov, median home prices continued to come under pressure, dropping from $200,000 to $179,900 over the last 12 months.

On the bright side the number of days it takes to sell a home continues to fall, and has fallen from 95 to 70 days in the last year.

Total Sales 864

Median Sales Price $179,900

Median Sq. Ft. 2,1284

Median Price Per Sq. Ft. $82

Median Days On Market 70

October Home Sales Up, Prices Down In Salt Lake County

October Salt Lake County home sales were up from 737 in 2010 to 992 in 2011. While this is great news, in the same timeframe median prices decreased from $205,000 to $185,000, a fall of 9.76%. Compared to September 2011 prices actually saw a modest 3.93% increase. The median price per sq, ft. was $83.61 (compared to $83.88 last month and $91.37 last year).

The good news is that prices have remained pretty consistent since Feb 2011, when they hit $183,000. Another positive sign is that the time it takes to sell a home is also on the decline, falling from 82 days in 2010, to just 73 in October 2011. We are also continuing to see increased activity in the Salt Lake County housing market, with November sales looking like they will be considerably stronger than those in 2010.  

Total Sales 992

Median Sales Price $185,000

Median Sq. Ft. 2,129

Median Price Per Sq. Ft. $83

Median Days On Market 73

Home Sales Data for Sep. 2011 for Salt Lake County

Homes sales for Sep 2011 continued to show signs of stableization. The number of  Salt Lake UT Homes sold remaining strong with 971 homes sold, up from the 741 homes sold in Sep 2010. The median home sales price for Salt Lake County (includes all home types) was $177,500.00.

Total Sales 971
Median Sale Price $177,500.00
Median Sq. Ft. 2,102
Median Price Per Sq. Feet $83
Median Days on Market 74

Salt Lake Home Prices Aug 2011

The strengthening local Utah economy seemed to help Salt Lake Home Sales in August 2011. The jobs market saw a 3% increase, meaning that more people felt more confident and were in a better position to buy a home.

There were 1086 homes sold, which was a jump of over 38% compared to the same time last year. Homes were also selling faster with the average number of days taken to sell a home dropping to 81. Even with this encouraging number of home sales, Salt Lake County prices were still coming under pressure and the average sales price dropped to just over $219,000.

Market Update for July 2011

The Salt Lake Real Estate market remained bumping along the bottom in July 2011, and indeed there were some signs that maybe we are starting to see some small signs of recovery. The amount of Salt Lake houses and condos sold saw a large increase, jumping over 30% year on year. But while these numbers appear good, home prices continued to struggle, dropping 14%. The July 2011 Salt Lake average homes sale price was just over $223,000.