Up is a relative word though. I thought that an optimistice headline might be a nice change for all the negative housing press. May was the top month for home sales in Salt Lake County for 2008 thus far, but my unofficial home sales statistics show that it was still about 36% less than home sales in 2007 and 45% less than May home sales in ‘06.
The good news for Salt Lake County home sales stats is that May home prices remained stable. Infact, they actually rose about a percentage from an average 2007 price of $273,929 to $277,239.
Current inventory shows 6800 active single family MLS listings, and 1411 SLC Condos for sale. These numbers are substantially down from the number of active listings just three months ago. With Mays’ rate of home sales there is about 8 months of inventory on the market. These home sales figures include real estate in: Bluffdale Real Estate, Cottonwood Heights Real estate, Draper Real Estate, Herriman Real Estate, Holladay Real Estate, Kearns Real Estate, Magna Real Estate, Midvale Real Estate, Murray Real Estate, Riverton Real Estate, SLC Real Estate, Sandy Real Estate, South Jordan Real Estate, South Salt Lake Real Estate, Taylorsville Real Estate, West Jordan Real Estate, and West Valley City Real Estate.
