Thursday, March 20, 2008 - Salt Lake City UT Real Estate Market Statistics for March 20, 2008

Here's the latest sales stats for the greater Salt Lake City UT real estate market.
The market continues to improve, even with the roller coast ride we are experiencing in the mortgage arena. So far the inventory is holding fairly steady, we have been adding about a hundred new listings every week. The number of sales have increased every week, and our absorption rate is dropping every week. All good signs that indicate an improving market. Still a very strong buyers market.

Average tme on market for Salt Lake county is 59 days, less in the lower price brackets, and more in the higher price brackets.

Currently 7357 active listings in Salt Lake county.
2556 were listed in the last 30 days.
1094 properties were put under contract or pending.
1094 properties have expired.
831 propertieswere sold or closed in the last 30 days.
If we continue at this current rate, we have about an 8 month supply of property.

If you are thinking of selling or buyind, contact me to see what this means for your specific area, and price bracket.