In recent message from the Salt Lake Board's director, existing home sales rose 15 percent compared to November 2010, reflecting 871 home sales, which include all housing types, compared to 760 existing home sales in November 2010.
According to the report, this marked the sixth consecutive month of year-over-year increases in home sales in Salt Lake county. During the first 11 months, this was up 9 percent compared to the same 11-month period (10,395 sales in 2011 compared to 9,569 in 2011.)
The median home sales price (all housing
types) in November declined to $179,900, a 10 percent decrease compared to a
median price of $199,900 in November 2010.
The inventory of homes for sale in Salt Lake
County in November fell to 5,918 units, down 25 percent compared to 7,897 units
in November 2010.
Based on current sales trends over the past year, there is a
6.3-month supply of housing inventory, down31 percent compared to a 9.1-month
supply of inventory in November 2010. In November, pending home sales (homes
under contract) rose to 954 units, a 34 percent rise compared to 711 units last
November.
1 comment:
That's not to bad, at least we have an overview status for the business. This year would be the best time.
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