Utah County Home Sales

Utah County Home Sales

1  Year-to-year sales dropped 5.6% from 480 in Dec. 2011 to 453 in Dec. 2012. Utah County homes sales slightly dropped due to the inventory level.

2  This is not, however, an indication of a slowing market, but a reflection of normal seasonal slowing and very low inventory. In fact inventory is down 37% to only 1,936 compared to 3,067 in Dec. 2011. Inventory has fallen nearly every month since May 2010's high of 4, 337, which is a 55% drop.

3  All other indicators are moving in the right direction, including Days on Market, which is down 18% to only 60 days. This should have placed us on the REALTOR Magazine's Top 10 Fastest Selling Metros at #6, but for some reason we're not listed.

4  Final sales for the year hit 5,499, up 8.5% compared to 2011

With very low inventory, sales dropped slightly in Dec. 2012. But, with price up every month since March, I think we'll see inventories recover. I think we'd all prefer steady growth and avoid spikes in the market. An increase in listings will help ensure steady growth in 2013.


Utah County Sold Homes



Utah County Real Estate Prices Increase in 2013

It is early in the year but the signs are on the wall. January and February are typically slow months for us Utah County Realtors. Our team sold 19 homes since the year started 53 days ago. We have 20 homes under contract and scheduled to close in the next 60 days. This is huge. The inventory is low and the demand is strong. I think prices will continue to climb in 2013. Good deals on homes in Utah County will be harder to find in 2013. The bottom of our market appears to have been the first quarter of 2012. If you are looking to buy or sell a home in Utah County contact Paul Teasdale. If you have questions about the current Utah County Homes Sales contact Team Teasdale Realty.

Real Estate Sales Statistics for Utah County.

 

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