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Salt Lake City Utah Real Estate Guide

Blog by Dan Walker
Salt Lake City, Utah

Real Estate information for the Greater Salt Lake City Utah areas.

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Salt Lake City Utah Real Estate Market Statistics

Friday, February 1, 2008

Well it's proably no surprise that the greater Salt Lake City area is still in a buyers market, however the market is improving even if it is at a slow rate. Our economic forecast looks good for the entire state of Utah, job growth is up, and interest rates are down. It is a pretty darn good time to buy a home!

Below are tables with the real estate statistics for the main counties along the Wasatch Front. I like to look at how many active properties there currently are, how many have been listed in the last thirty days, put under contract, expired and sold. I take the number of actives nd divide by the number sold in the last 30 days. This gives us an absorbtion rate for the remaining inventory in each county.

These numbers become very interesting when you break them down by zip code, price bracket etc.

Salt Lake County

Active 7098
Active -30 2572
U/C -30 831
Expired 1975
Sold 534
Supply 13.29

Davis County

Active 2147
Active -30 708
U/C -30 263
Expired 472
Sold 182
Supply 11.80

Summit County
Active 896
Active -30 175
U/C -30 41
Expired 85
Sold 38
Supply 23.58

Wasatch County
Active 472
Active -30 79
U/C -30 15
Expired 48
Sold 14
Supply 33.71

Utah County
Active 4271
Active -30 1313
U/C -30 317
Expired 909
Sold 248
Supply 17.22

Tooele County
Active 474
Active -30 157
U/C -30 54
Expired 110
Sold 30
Supply 15.80

Weber County
Active 2200
Active -30 739
U/C -30 260
Expired 420
Sold 162
Supply 13.58

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