Here’s a comparison of the April and March property market updates for Salt Lake County - Single Family Homes:
Key Differences:
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Homes Available:
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March: 1,360 homes (+107 from February)
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February: 1,253 homes
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Total Volume:
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March: $411,044,972 (+$50,590,101 from February)
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February: $360,454,871
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Properties Sold:
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March: 575 homes (+65 from February)
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February: 510 homes
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Average Days on Market:
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March: 53 days (-13 days from February)
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February: 66 days
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Average Sales Price:
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March: $714,860 (+$7,851 from February)
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February: $707,009
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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!
