| 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- March 2009
1 Onward and upward. March
stats demonstrate our market is moving in a
positive direction. Home sales are up 11 percent
compared to Mar of 2008.
2 This comes on the heals of a
13 percent bump from January to February alone.
3 Challenges still exist as we
see YTD sales are down 8 percent to 817 units
sold, median sales price slipped 6 percent to
$210,000, and DOM are 23 percent higher to 96
days.
4 But homes priced above $500K
showed significant recovery with March
experiencing a 7 percent increase from last year
and YTD up 13.5 percent. Homes above $1 million
are way up as we have had 8 homes sold already
this year and last year only 15 sold the entire
year.
5 Listings of all types are
down 5 percent to 4,542
Summary: The perception of a weak market has
always been one of our challenges. I'm confident
that with positive news in March, we can begin
to turn some of the perceived concerns and help
give needed confidence. Clearly the weather is
improving and sales are up. Arm yourselves with
these stats and many other positive news from
our local market (available on my blog
http://teamteasdale.blogspot.com/)
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