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May 28, 2022
6:24:33am
TrueBlue67 All-American
Here are some real stats for you...
For the last 30 days in Salt Lake County:

Average days on market: 13
Average list price: $630,499
Average sales price: $648,274
Total sales: 1,288
Homes available: 1,329

Here are some historical facts for you:

1) In a normal market, the days on market averages 120-180 days. We are still WAY below that.
2) Average sales price is normally 97% of average listing price, not 103% of it.
3) Lastly, there's normally 5,000 +/- homes available to purchase on the market, today we are at 1,329.

Yes, the market is slowing, but seller FOMO has not gripped the Salt Lake market yet, not even close.
This message has been modified
Originally posted on May 28, 2022 at 6:24:33am
Message modified by TrueBlue67 on May 28, 2022 at 6:25:04am
TrueBlue67
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TrueBlue67
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