30 day snapshot on home sales in Salt Lake County

31-May	Salt Lake 1
	Active	8263
	Active -30	2382
	U/C -30	1040
	Expired	1229
	Sold	852
	Supply	9.70

We currently have 8263 active listings
2382 were listed in the last 30 days and
1040 were put under contract or pending.
1229 homes expired or didn't sell, and
852 homes sold n the last 30 days.

30 day snapshot on home sales in Davis County

31-May	Davis 2
	Active	2270
	Active -30	649
	U/C -30	310
	Expired	386
	Sold	273
	Supply	8.32

We currently have 2270 active listings
649 were listed in the last 30 days and
310 were put under contract or pending.
386 homes expired or didn't sell, and
273 homes sold n the last 30 days.

30 day snapshot on home sales in Summit County

31-May	Summit 3
	Active	1029
	Active -30	245
	U/C -30	40
	Expired	152
	Sold	38
	Supply	27.08

We currently have 1029 active listings
245 were listed in the last 30 days and
40 were put under contract or pending.
152 homes expired or didn't sell, and
38 homes sold n the last 30 days.

30 day snapshot on home sales in Wasatch County

31-May-08	Wasatch 4
	Active	572
	Active -30	125
	U/C -30	16
	Expired	72
	Sold	20
	Supply	28.60

We currently have 572 active listings
125 were listed in the last 30 days and
16 were put under contract or pending.
72 homes expired or didn't sell, and
20 homes sold n the last 30 days.


30 day snapshot on home sales in Utah County

31-May-08	Utah 5
	Active	5282
	Active -30	1303
	U/C -30	389
	Expired	724
	Sold	356
	Supply	14.84

We currently have 5282 active listings
1303 were listed in the last 30 days and
389 were put under contract or pending.
724 homes expired or didn't sell, and
356 homes sold n the last 30 days.


30 day snapshot on home sales in Tooele County

31-May-08	Tooele 7
	Active	609
	Active -30	164
	U/C -30	50
	Expired	93
	Sold	55
	Supply	11.07

We currently have 609 active listings
164 were listed in the last 30 days and
50 were put under contract or pending.
93 homes expired or didn't sell, and
55 homes sold n the last 30 days.

30 day snapshot on home sales in Weber County

31-May-08	Weber 8
	Active	2316
	Active -30	631
	U/C -30	285
	Expired	346
	Sold	275
	Supply	8.42

We currently have 2316 active listings
631 were listed in the last 30 days and
285 were put under contract or pending.
346 homes expired or didn't sell, and
275 homes sold n the last 30 days.

Call me to see how these numbers affect you in your area.

Shirking my Duty in Salt Lake City

Well I have to admit I have been less than enthusiastic when it comes to maintaining this blog. I have been watching the market closley in Salt Lake City and posting religously only to think that no one really cares or listens, or pays attention. Well, hopefully I have gotten over myself and will get back with the program. You see, I know that sellers and buyers need my knowledge and expertise now, more than ever.

As I see the number of home sales pick up here in Salt Lake, I also see the inventory increase and it's apparent that we really just are maintaining status quo. The inventory is right about where it's been for the last couple of months. So here's my theory, and I'm pretty surer I'm correct.

What I'm seeing is a lot of homes that still have not sold, and I'm seeing homes that expired come back on the market. With all the media attention on the "bad market", I think a lot of sellers have had bad agents or in-experienced agents working for them. Agents who have not been able to counsel their sellers correctly, and advise them correctly on how to get their home sold. When the home doesn't sell, the agent blames it on the market, and the seller finds it very believable becasue that's all they hear all day long.

IT'S TIME TO WAKE UP! Experience is the key to success in this market! It may be time for you to consider a different agent at this point if you still need to sell, or possibly you need to start listening to the agent you have.

Well, I'll get off my soapbox now. Remember, I'm Dan Walker! I know how to sell houses, and I always go the extra mile.

Are you trying to time the market? It's interesting when I talk to buyers and sellers, I always hear "well I think prices are going to come down some more", or "we're waiting to buy until the market bottoms out."

Real estate prices are controlled by one thing, and one thing only. Supply and demand. It's really very simple. Let's take look.

Right now we have 7705 active listings in Salt Lake County. 2460 were listed in the last 30 days, and 1130 were put under contract. 1384 listings have expired or didn't sell, and we have sold 899 properties in the last 30 days.

Salt Lake 1	April 17,2008
Active	7705
Active -30	2460
U/C -30	1130
Expired	1384
Sold	899
Supply	8.57

In the week of January 17, 2008 we had 550 properties sell. For this week, we had 899 sell. That is a 63% increase in the number of sales. Back in January, the average sales price was $274,644, February was $276,009, and March was $275,057. Average sales price for April so far is $284,423. Is it possible the bottom has come and gone?

If you have been waiting for the bottom, I would mobilize all your efforts right now (in other words, get your butt in to the lender and get pre-approved), 'cause you could miss the boat if you're not careful.

Salt Lake City UT Real Estate Market Statistics for the week of April 5, 2008

We currently have 7572 active listings.
2474 were listed in the last 30 days.
1005 properties have been put under contract or gone pending.
1415 properties have expired.
862 homes have sold in the last 30 days.
Our current absorption rate or supply is 8,78 months.

For more information on how this affects you, call me, I'll be glad to explain in terms that is easily understood and how it applies to your situation

4-Apr	Salt Lake 1
	Active	7572
	Active -30	2474
	U/C -30	1005
	Expired	1415
	Sold	862
	Supply	8.78

Thinking about selling? Visit me at www.NoRegretsListing.com
Find all the homes listed at www.AtHomeUtah.com