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2016-02-01 21:52:14
Local Market Updates-Utah & SLC Counties

I get asked the question about everyday what's going on with the Utah housing market?  Is now a good time to sell or buy?  

So I wanted to give the actual market numbers for Utah and Salt Lake Counties.  If you want information on other counties please let me know and I can get it for you.

Click here to see the Salt Lake County Market Update (as of the latest numbers of December 2015)

Click here to see the Utah County Market Update (again as of December 2015)

So overall in both counties new home listings and inventory are down from 2014.  So right now there is a shortage of homes for sale essentially so it's a sellers market.  If you want to sale your home fast now is the time.  As you can see from the Average Days on the Market is down significantly from 2014 (54 days to 44 days or a 18.5% decrease in the time to sale a home in SLC County).  Median and average home prices continue to increase among all types of residential homes (single family and town homes/condos), as well as most price ranges.

I wanted to mostly show this information and how the actual numbers for 2015 compared to 2014.  Read my other articles about what economists are expecting for 2016.  Utah has a great housing market outlook!  

 

Utah Housing Market

 

 

 

 
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