Market Monday: March 2016

Market Update March 2016

Active listings fluctuate day to day, but as of the last day of March there were 2,323 active listing in Salt Lake County. Down 1% from the last day of February and Down 32% from last year. That means we are no where near the same amount of active listings as we had last year! LOW INVENTORY!

Median sold price is on the rise, Up 1% from last month and up 6% from last year. Steady market!

Median Days on Market only 17 days! This is crazy low! Down 39% from last month and last year at 28 days.

1,364 sold listings in the month of March, great kick of to the spring market! Up 35% from last month and down 9% from last year. Huge increase from last month! but still quite lower from same time last year.

The market is continuing to change so stay tuned for the next Market Monday!

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