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Unique Salt Lake County Housing Market!

Unique Salt Lake County Housing Market! 
Inventory is low, low, low. There were more homes being sold than being listed in Salt Lake County in February of this year. This is an unusual and unique market worth taking a closer look at what is happening.
2277 Active Listings  (down 31.8% from last year.)
2581 Homes UNDER CONTRACT.  Last year 2387.  (UP 7.83% last year)  (average we are still 5% up)
(Homes sold in Salt Lake County last month was down 9%)
4018 new listings this year.  Last year 4356. (Down 7.8%)
What does this mean? Home values are going for top dollar with buyers out in full force. There is a lack of inventory that normally keeps home prices competitive among listings. In many neighborhoods that is just not the case so far this year. Curious if you live in one of these super HOT neighborhoods that are selling within a day with multiple offers? Give us a call for a free in-depth market analysis at 801-966-4000.

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