For the first time in quite a while Salt Lake City Homes saw the total number of sales actually decreased in December 2012. So what is going on, have we come to a pause in the recovery? Well there could be various reasons for this sudden dip. People could have been worried about the fiscal cliff, or buyers could have simply dried up? But I believe the reason for the dip is related to the lack of inventory. The simple fact is there is just not that much for buyers to choose from at the moment and those homes that are on the market (if they are not overpriced) are been snapped up. In fact if we look at all the other key indicators we can see that they are all heading in the right direction.
Median Home Price: $202,000 up 10.84%
Median Price Per Sq. Ft.: $92.57 up 12.44%
Total Homes Sold: 839 down 9.1%
Median Days on Market: 36 days down 51.35%
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