Fall real estate report for Salt Lake City

Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market! Here are the numbers looking back from 10/3/2011.

As we move into fall we find ourselves with the lowest inventory we have had all year. Our highest number of sales this year occurred ending the week of September 7th with 916 units sold for that 30 day period. We just sold 724 units so we are down from that high but still well above the low point which was at the end of January with 442 units.

We had a very strong summer market and overall sales have been very good considering the market as a whole. With 25% of the market consisting of short sales we are still a long way off for any real appreciation.

ALL LISTINGS

Total # Actives 5945

Sold last 30 days 724

Sold 365 Days 10571

Listed last 30 days 1243

Total Pending Sales 1625

Pending last 30 days 904

Expired last 30 days 878

Expired 365 Days 10976

Months Supply of Homes 8.2

SHORT SALES

Total # Actives 1542

Sold last 30 days 99

Sold 365 days 1474

Listed last 30 days 227

Total Pending Sales 270

Pending last 30 days 122

Expired last 30 days 172

Expired listings 365 Days 2584

Months Supply of Homes 15.5

Bank Owned

Total # Actives 111

Sold last 30 days 124

Sold 365 Days 1894

Listed last 30 days 43

Total Pending Sales 105

Pending last 30 days 65

Expired last 30 days 23

Expired listings 365 Days 139

Months Supply of Homes 1

Average Days on Market 118

Average Price per Sq Foot $90

Homes are selling for 89 % of original list price

25.9 % of our active listings are Short Sales...

18.2 % of the homes listed in the last 30 days are Short Sales...

16.6 % of the homes pending are Short sales...

13.4 % of pending homes in the last 30 days are Short Sales...

13.6 % of the total homes sold in the last 30 days were short sales...

1.8 % of our active listings are Bank Owned...

3.4 % of the homes listed in the last 30 days are Bank Owned...

6.4 % of the homes pending are Bank Owned...

7.1 % of pending homes in the last 30 days are Bank Owned...

1.7 % of the total homes sold in the last 30 days were Bank Owned...