To:  Brokers and Agents 
From: Taylor Oldroyd, CEO Utah County Association of Realtors®  
Subject: Monthly Statistics--December 2007  
                      
 
 1  4th Quarter home sales were down 45.74% from 1,360 homes sold in 2006 to 738 in 2007. 
   
 2  4th Quarter condo sales were down from 343 in 2006 to 200 in 2007, a 41.69% decrease. 
   
 3  The 4th Quarter average sales price increased 1.14% for homes ($278,260) and 2.13% for condos ($172,975). 
  
 4  Active listings in Dec of 2007 of 4,146 is a 31.8% increase over Dec of 2006. 
  
 5  Units sold in Dec 2007 of 269 is a 46.3% decrease from 501 in Dec 2006. 
  
 6  2007 YTD sales of 5,619  is a 24.3% decrease from 2006. 
    
 7  Single family home sales in Dec 2007 decreased 49.4% from 417 in 2006 to 211 in Dec 2007.  
   
 8  Sale of homes priced more than $500,000 decreased 55.2%.   
   
Summary: Obvioulsy we have seen better numbers. The year was off 24%, with the forth quarter down even more significantly.    However, prices are holding, days on market increased only slightly and demand is expected to remain strong.   Throw in potential Federal government intervention and additional strong local economic conditions and what do you get...a more robust local market in 2008.

View Charts and Graphs regarding the Utah County Real Estate Market.
See 20,000 Homes for Sale in Utah on Utah County Listings.