Welcome to the RolandoGill.com Blog

2011-03-01 08:35:41
Sales in Salt Lake County are increasing

Sales of previously-owned homes in Salt Lake County in January increased 7 percent compared to the same month a year earlier.

In January, 561 existing homes (single-family, condominiums, townhomes) were sold in Salt Lake County, an increase of 7 percent compared to 525 home sales in January 2010.

January was the first month since May 2010 to show a year-over-year increase in home sales, according to DeAnna Dipo, President of the Salt Lake Board of REALTORS. January's increase is significant because it did not include housing incentives like the $8,000 federal tax credit. This shows Salt Lake City's economy is continuing to make a comeback.

The median sales price of homes sold in Salt Lake County in January was $196,000, down 8 percent compared to a median price of $214,000 in January 2010. January's median home price was the lowest on record since April 2006.

There are roughly 6,600 existing homes listed for sale in Salt Lake County, down 37 percent compared to the summer of 2007 when more than 10,530 homes were listed for sale.

Based on current home sales trends over the past six months, there is approximately a 10-month supply of existing housing inventory in Salt Lake County.

We all know that the real estate market changes from neighborhood to neighborhood.  If you want to know what is happening in your area, feel free to email me and I will quickly send you a free no obligation report on your neighborhood.  gilrol@gmail.com

 
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2011-03-01 08:35:41
Sales in Salt Lake County are increasing

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