Realty Times - First-Time Buyers Do's

Realty Times - First-Time Buyers Do's

September 2010 Housing Market Update for Utah County

http://www.ucaor.com/pdf/Stats/September/UtahCounty_LMU.pdf

Local Market Updates

A research tool from the

Utah Association of REALTORS®

2009 2010 Change 2009 2010 Change

New Listings

908 836 - 7.9% 9,430 8,981 - 4.8%

Pending Sales

519 442 - 14.8% 4,257 4,049 - 4.9%

Closed Sales

484 359 - 25.8% 3,889 3,743 - 3.8%

Median Sales Price*

$199,900 $189,900 - 5.0% $204,000 $190,900 - 6.4%

Average Sales Price*

$228,371 $215,342 - 5.7% $232,709 $222,434 - 4.4%

Percent of Original List Price Received at Sale

* 90.4% 90.7% + 0.4% 88.9% 91.7% + 3.0%

Average Days on Market Until Sale

93 92 - 0.9% 87 90 + 3.2%

Active Listings Available for Sale

4,571 4,325 - 5.4% -- -- --

Months Supply of Inventory

10.7 10.0 - 6.5% -- -- --

Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to the small sample size involved.

September 2010 Housing prices are down 5% from September of last year.
Sales this year are also down 25%.