Q3 2016 Salt Lake County Housing Market Update

In Salt Lake County, the housing market remains strong!

As compared to August 2015:

Median home price – $270,000 (↑8.4%)

Average sales price – $310,201 (↑6.3%)

New listings – 2,280 (↑6.9%)

Days on market until sale – 30 (↓18.9%)

Closed sales – 1,734 (↑5.7%)

Inventory of homes – 3,530 (↓25.2%)

Months supply of inventory – 2.4 (↓27.3%)

Information courtesy of:

The Salt Lake Board of Realtors

http://slrealtors.com/home-stats/