We offer you many choices for living your best life in sustainable, convenient and enjoyable spaces
Home sales in Salt Lake County have increased more than 19 percent in 2012 compared with the same period in 2011. In fact, July marked the fourth consecutive month of rising home prices on a year-over-year basis, that hasn’t happened since 2007.
Home prices in the Salt Lake area have continued to show signs of increasing as inventory levels of existing homes decreases.
Rising sales and prices have shifted Salt Lake’s real estate landscape to more of a seller’s market, with more buyers than sellers.
Data from the Salt Lake Board of Realtors shows that you would have to go back to 1997 to find fewer listings on the Wasatch Front Multiple Listing Service.
Through the second quarter of the year, 5,300 properties were listed on the service, down significantly from the historic high of 9,851 in 2007. In some cases, there have been multiple offers on properties in highly desirable areas, resulting in higher offers.
The most active price range within our market is $250,000 and below. Homes priced at reasonable levels are receiving a lot of attention.
Prices had been overinflated in the years past ( 2007) now we’re back to reality. On average, we are back to a normal market swinging toward a seller’s market. Whereas a year or two ago, we were definitely a buyer’s market.