The Real Estate Report Card for March 29, 2010

Let's take a look again at our 30 day market snap shot. We're looking at the real estate statistics for homes for sale in the greater Salt Lake City Utah area and all of Salt Lake County.

Total # Actives 7656

Sold last 30 days 665

Sold 365 Days 11275

Listed last 30 days 1971

Total Pending Sales 1816

Pending last 30 days 1144

Expired last 30 days 824

Expired listings 365 Days 12536

Months Supply of Homes 11.5

Let's look at our Short Sales...

Total # Actives 1656

Sold last 30 days 74

Sold 365 days 1253

Listed last 30 days 262

Total Pending Sales 267

Pending last 30 days 156

Expired last 30 days 159

Expired listings 365 Days 2032

Months Supply of Homes 22.3

21.6 % of our active listings are Short Sales...

13.2 % of the homes listed in the last 30 days are Short Sales...

14.7 % of the homes pending are Short sales...

19.2 % of pending homes in the last 30 days are Short Sales...

11.1 % of the total homes sold in the last 30 days were short sales...

Feel free to call me if you have questions about these numbers and what they mean!

It's nice to see a drop in the percentage of Short Sales. I feel like short sales are the bottle neck in the market. If we can keep un-employment low and get rid of more of our short sales, we would see a big improvement in the real estate market. Feel free to call or email anytime. 

Dan Walker - your Salt Lake City real estate and short sale expert!