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Salt Lake City April Market Update

Salt Lake City April Market Update

Here’s a comparison of the April and March property market updates for Salt Lake County - Single Family Homes:

Key Differences:

  • Homes Available:

    • March: 1,360 homes (+107 from February)

    • February: 1,253 homes

  • Total Volume:

    • March: $411,044,972 (+$50,590,101 from February)

    • February: $360,454,871

  • Properties Sold:

    • March: 575 homes (+65 from February)

    • February: 510 homes

  • Average Days on Market:

    • March: 53 days (-13 days from February)

    • February: 66 days

  • Average Sales Price:

    • March: $714,860 (+$7,851 from February)

    • February: $707,009

Market Trends Observed:

More homes available – Inventory has increased.
More properties sold – Indicating a more active market.
Homes are selling faster – Average days on market have decreased.
Higher total sales volume – More transactions and higher home values.
Slight increase in average sales price – Suggesting possible demand growth.

Overall, the market appears to be heating up with increased activity, faster sales, and a steady rise in prices!

 
 

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