Utah County Market SOLD Sales Statistics - Summer 2011
Utah County Association of REALTORS®
Monthly Statistics
To: Brokers and Agents
From: Taylor Oldroyd, CEO of the Utah County Association of REALTORS®
Subject: Monthly Statistics: August 2011
1 Sales in August rocketed up 30 percent compared to August 2010
and hit 538 units sold. This is only the 3rd time sales were
above 500 since August 2009. Year to date (YTD) sales also
improved almost 12 percent to 3,652 sold. We'd have to go back
to August 2007 to see a YTD in August performing so well.
2 Price did slip 4 percent to $181,500 compared to August 2010
but the median price today is higher than it was in January
and comparable to early 2006. Stability and predictability is
what buyers want and now they have it.
3 Days on market (DOM) improved 17 percent, dropping to 82 days
from 99 last August and matching exactly August 2008.
4 Condos continued to show improvement as sales held steady at
35 units. YTD sales are above last year to 300 units, listings
are down 12 percent, and DOM improved from last year.
Summary: One thing is for sure, real estate sales in August performed better
than BYU. All joking aside, August sales were red hot and the signs of a true
market recovery are here, giving buyers and sellers the confidence they need.
With jobs up, Utah's economy improving, state budget expecting a surplus,
and accolades continuing to pour in, I like where we are headed.
Monthly Statistics
To: Brokers and Agents
From: Taylor Oldroyd, CEO of the Utah County Association of REALTORS®
Subject: Monthly Statistics: August 2011
1 Sales in August rocketed up 30 percent compared to August 2010
and hit 538 units sold. This is only the 3rd time sales were
above 500 since August 2009. Year to date (YTD) sales also
improved almost 12 percent to 3,652 sold. We'd have to go back
to August 2007 to see a YTD in August performing so well.
2 Price did slip 4 percent to $181,500 compared to August 2010
but the median price today is higher than it was in January
and comparable to early 2006. Stability and predictability is
what buyers want and now they have it.
3 Days on market (DOM) improved 17 percent, dropping to 82 days
from 99 last August and matching exactly August 2008.
4 Condos continued to show improvement as sales held steady at
35 units. YTD sales are above last year to 300 units, listings
are down 12 percent, and DOM improved from last year.
Summary: One thing is for sure, real estate sales in August performed better
than BYU. All joking aside, August sales were red hot and the signs of a true
market recovery are here, giving buyers and sellers the confidence they need.
With jobs up, Utah's economy improving, state budget expecting a surplus,
and accolades continuing to pour in, I like where we are headed.
Posted by Paul Teasdale - Utah Broker at 10/22/2011 8:19 AM 
Categories: Utah Market Conditions, Utah Statistics and Data
Tags: utah county sold statistics
Categories: Utah Market Conditions, Utah Statistics and Data
Tags: utah county sold statistics
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