Salt Lake County October Real Estate Sales
October Home Sales activity in Salt Lake County continues to amaze. Not with fantastic velocity but with a number of curious stats that may or may not help you weather this Real Estate storm.
It hasn't been necessary to pay much attention to numbers over the last 3 or 4 years, no need to evaluate performance, or analyze whether you need an agent or not. The greatest Real Estate market in my lifetime was very forgiving.
The usual pain off selling your house yourself, was offset by money saved and the fact that you didn't expect it to take very long.(and it generally didn't) If you negotiated the home purchase without an agent, and you overpaid by 5%, thirty days later you were even, and 30 days after that you had equity. What a wonderful world.
Things are different now, and I hope you will find these stats helpful with whatever your questions are. If you need further answers about a specific area or town, give us a call @ 801-567-0946 or visit our information website @ Salt Lake Homes.
SALT LAKE OCTOBER HOME SALES AND LISTING ACTIVITY
Total Listings: As of October 2007 there were 6692 homes/condominiums listed across the Wasatch Front MLS.
October Listings: Of those listings, 3323 were added last month.
Compare to 2006: 610 fewer were listed last year. That's an increase of 22%.
October Sales: Last month 928 Homes/Condos were sold in Salt Lake County. During the same time last year,1561 sales were booked, a stunning decrease of 68%
.
Prices: The average home price increased a modest 3%, however Condominium average price increased almost $15,000.00. on 100 fewer sales. Houses averaged almost $294,000.00 in 07, Condos $198,000.00.
Days on Market: It took almost 45 % longer to sell a home or condo in 2007 than it did in 2006.
All of the numbers have been taken from reports supplied by the Wasatch Front Regional Multiple Listing Service. (WFRMLS) any opinon is mine. Hope they help
Thanks for the visit