The Real Estate Report Card

Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market! Here are the numbers looking back from 5/24/2010. ALL LISTINGS Total # Actives 7498 Sold last 30 days 1026 Sold 365 Days 11732 Listed last 30 days 1585 Total Pending Sales 2002 Pending last 30 days 1004 Expired last 30 days 995 Expired listings 365 Days 12340 Months Supply of Homes 7.3 SHORT SALES Total # Actives 1629 Sold last 30 days 111 Sold 365 days 1321 Listed last 30 days 271 Total Pending Sales 179 Pending last 30 days 325 Expired last 30 days 169 Expired listings 365 Days 2121 Months Supply of Homes 14.6 Average Days on Market 112 21.7 % of our active listings are Short Sales... 17.0 % of the homes listed in the last 30 days are Short Sales... 8.9 % of the homes pending are Short sales... 16.9 % of pending homes in the last 30 days are Short Sales... 10.8 % of the total homes sold in the last 30 days were short sales...

Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market! Good news! Our short sale numbers are still down and the number of home sales in Salt Lake City have come in at a whopping 1133 units in the last 30 days! Here are the numbers looking back from 5/19/2010. ALL SALT LAKE COUNTY LISTINGS Total # Actives 7425 Sold last 30 days 1133 Sold 365 Days 11767 Listed last 30 days 1746 Total Pending Sales 2067 Pending last 30 days 1243 Expired last 30 days 1039 Expired listings 365 Days 12353 Months Supply of Homes 6.5 SALT LAKE COUNTY SHORT SALE LISTINGS Total # Actives 1608 Sold last 30 days 121 Sold 365 days 1327 Listed last 30 days 281 Total Pending Sales 333 Pending last 30 days 202 Expired last 30 days 178 Expired listings 365 Days 2119 Months Supply of Homes 13.2 Average Days on Market 116 21.6 % of our active listings are Short Sales... 16.0 % of the homes listed in the last 30 days are Short Sales... 16.1 % of the homes pe...

Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market! Here are the numbers looking back from 5/10/2010. ALL LISTINGS Total # Actives 7411 Sold last 30 days 977 Sold 365 Days 11657 Listed last 30 days 1760 Total Pending Sales 2262 Pending last 30 days 1416 Expired last 30 days 918 Expired listings 365 Days 12301 Months Supply of Homes 7.5 SHORT SALES Total # Actives 1617 Sold last 30 days 119 Sold 365 days 1310 Listed last 30 days 256 Total Pending Sales 306 Pending last 30 days 177 Expired last 30 days 174 Expired listings 365 Days 2113 Months Supply of Homes 13.5 Average Days on Market 121 21.8 % of our active listings are Short Sales... 14.5 % of the homes listed in the last 30 days are Short Sales... 13.5 % of the homes pending are Short sales... 18.9 % of pending homes in the last 30 days are Short Sales... 12.1 % of the total homes sold in the last 30 days were short sales... If we look below we will see a summary av...

Lets look back at our Salt Lake County Real Estate Market! And let's look forward too! Here are the numbers for Salt Lake County* looking back from 5/4/2010. These numbers include all listings, short sales, REO*, bank owned, foreclosures, condo, and single family homes. Total # Actives 7363 on the Wasatch Front MLS Sold in the last 30 days 935, by all agents & brokerages Sold in the last 365 Days 11582, by all agents & brokerages Listed last 30 days 1841, by all agents & brokerages Total Pending Sales 2324, by all agents & brokerages Pending last 30 days 1506, by all agents & brokerages Expired last 30 days 972, by all agents & brokerages Expired listings 365 Days 12357, by all agents & brokerages Months Supply of Homes 7.8 SHORT SALES Total # Actives 1611, by all agents & brokerages Sold last 30 days 117, by all agents & brokerages Sold 365 days 1303, by all agents & brokerages Listed last 30 days 267, by all agents & ...

Will there be life after the tax credit? I think there will be! I actually think life will be better! If we examine our Salt Lake City real estate market and look at the number of homes for sale and the number of short sales we have just in Salt Lake county, we are forced to conclude that prices will drop some more! We may actually be getting to the very best time to buy a home! If you were on the fence or didn't really care if you got the tax credit, I think you will really benefit now. The sellers who still need to sell and didn't get under contract will have to sharpen their pencil even a little more to get their home gone. It will be interesting to see what happens with our short sale numbers. A short sale is a foreclosure waiting to happen if it doesn't sale and with the number of short sales fluctuating between 21 and 25% we have to consider what happens to those properties. The key to correcting our real estate market is to keep unemployment low and to get rid ...