| Current Market
Conditions |
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Utah
County Association of REALTORS®
Monthly Statistics
To: Brokers and Agents
From: Taylor Oldroyd, CEO Utah County
Association of REALTORS®
Subject: Monthly Statistics- April 2009
1 Units sold is holding steady at 391
compared to 395 last April. This less than one
percent slip demonstrates that with fewer
listings (down 14.5 percent from last year to
4,421) that buyers are finding the market
attractive.
2 Another steady sign is DOM is the exact
same of 83 days as one year ago. But DOM
changes as the price increases. For example
homes priced above $500K will see it takes much
longer to sell as buyers look for bargains.
3 Price is stable down from $219,500 to
$203,950. But this 7 percent drop is cool
compared to the hot drops in numerous places. In
fact, the high price month was April 2007 of
$225,000 so we are down only 9.3 percent from
the high. Price stabilty means that buyers can
have confidence that their purchase will hold
value and be a great investment.
Summary: I guess the best way to describe our
market is "Steady as she goes." With listings
down 14.5 percent (a good thing) and price down
only 7 percent (stability is good) and units
sold steady and DOM also steady, we can race
into the summer with confidence.
(available on my blog
http://teamteasdale.blogspot.com/)
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