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   Home > > Utah Real Estate News & Trends > > March_2007_News
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Utah Real Estate News & Trends


March 31, 2007

 

Property That Sells In Salt Lake County

The market is slower than last year. The first three months of 2007 experienced a total of 3,772 single family homes and condos sold in Salt Lake County according the Wasatch Front Regional Multiple Listing Service (WFRMLS). The same period last year produced 3,960 sales. That translates into 188 fewer properties sold.

 

Property that sold during the first quarter, spent an average of 40 days on the market. This figure is very close to last year’s 39 average days on market. With and average of only one day difference, the homes that are priced right sell in roughly the same number of days as last year.

 

The percentage of new listings to homes sold during the first quarter was 63% last year. This year the percentage is only 50%. The price range where properties sell best is $75,000 to $180,000. Within this range an average of 78% of the homes or condos sold. Property selling at prices between $180,000 and $220,000 post a 68% chance of selling while properties between $220,000 and $350,000 maintained a 51% chance of selling. The higher the listing price of the home, the fewer the buyers.

 

 

 Source: Wasatch Front Regional MLS, This information is deemed to be reliable, however WFRMLS does not guarantee accuracy.

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More Utah Real Estate Trend Reports

 

 

South Jordan Real Estate Trends - February, 2007

Property That Sells In Salt Lake County - March, 2007

National & Utah Real Estate Trends - April, 2007

Salt Lake and Utah County Housing Market - May, 2007

Utah Real Estate Trends for 2007 - June, 2007

Top Utah Home Builders - June, 2007

Utah Real Estate Market Sales - July, 2007

South Jordan Utah Home Market Trends - August, 2007

Ten Year Real Estate Trends for Salt Lake County - September, 2007

Salt Lake County Real Estate Trends - October, 2007

Home Sales Trends in Utah - November, 2007

Utah Home Market Trends Favor Buyers - December, 2007

Utah Home Market Statistics for 2007 - January, 2008

 







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 Barry J. Preusz
REALTOR® | Residential Specialist

1218 East 7800 South
Salt Lake City, Utah 84094

Office: 801-993-0083



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