The selling and buying of condos in Salt Lake City UT Real Estate have been so tough last month. Statistics in the market went up and down for both monthly and yearly change of sales. There were 42 condos sold in Salt Lake City Utah Real Estate in July 2011. Yearly change of sale rose 16.67 percent from 35 sold homes of August 2010. On the other hand, monthly change of sale drifted down 23.6 percent from 55 sold homes of July 2011 to 42 sold homes of August this year.
Its median sold price went down 14.58 percent from $200,000 of August last year to $170,850 of August this year. An 11.74 months of inventory was also noted and it’s still a buyer’s market.
The number of under contract properties went up to 64 from 49 last month. The higher the number of under contract properties the higher sales it will bring in the future.
So far, there are 493 active listings of Salt Lake City Condos for sale in the market.
Tags: Salt Lake City Condominiums for Sale, Salt Lake Utah Homes, UT Real Estate, Utah Real Estate