Salt Lake home sales were again strong in May 2013, with
1,196 homes sold, the most seen since May 2007. On the back of strong single
family home sales prices continued to rise, increasing 16.23% to $249,900. Sellers
in the current market are in a strong position, getting on average almost the
full asking price, with the median asking price of $250,000 and a median sales
price of $249,900.
One piece of bad news for buyers is the recent increase in
interest rates. The more interest rates go up the less buyers can afford, which
may do one of two things. Those buyers that have been on the fence may decide
to get in before it’s too late, or may just decide not to bother at all.
Salt Lake County May 2013 Single Family Home Sales
Median Home Price: $249,900Homes Sold: 1,196
Median Price Per Square Ft: $102.76
Median Days on Market: 14 days
Use our MLS search to find Salt Lake Homes for Sale. Blog post written by Trela Bird, your Salt Lake Real Estate expert.
Awesome blog. Thanks for the sharing.
ReplyDeletelake city realtor