For the third straight month closed home sales have posted at double digit gain over the prior year. August put us at 27.0% over 2010 closed sales, pushing our year to date at 199 more sales than last year, a 5.8% increase. This trend should continue as pending sales posted a fourth straight month of double digit increase, sitting at 34.1% this August compared to last and YTD we are up 11.5%.
Inventory and new listings continue to decline. August listings were down 16.4% and YTD we are down 15.3%. This has pushed our total inventory down 20.1% and our months supply of inventory is also down substantially to 8.7 months, a 18.9% decrease from last year at this same time.
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About utahREpro
Chris is the managing broker for Prudential Utah Elite Real Estate in American Fork, Utah.
His passions include spending time with his family, Real Estate, Social Media, traveling, reading, movies, golf, dirt biking and so much more.
Chris is a graduate of the National Association of REALTORS (NAR) Leadership Academy as well as the Utah Association of REALTORS (UAR) Leadership Academy. He has served in many capacities in the real estate industry at the national, state and local levels, including:
2013 Treasurer of the Utah Association of REALTORS
2011 President of the Utah County Association of REALTORS (UCAR)
2011 REALTOR of the Year – UCAR
NAR Federal Political Coordinator assigned to US Senator Mike Lee
2011 NAR Strategic Planning Committee
2010 – 2013 NAR Public Policy Coordinating Committee
2011 Dean of the LeadershipUAR Program
Chris has been a licensed REALTOR in the State of Utah since 2004. He has been recognized both nationally and locally by Prudential and was inducted into their Hall of Fame in 2010.
For the third straight month closed home sales have posted at double digit gain over the prior year. August put us at 27.0% over 2010 closed sales, pushing our year to date at 199 more sales than last year, a 5.8% increase. This trend should continue as pending sales posted a fourth straight month of double digit increase, sitting at 34.1% this August compared to last and YTD we are up 11.5%.
Great post Chris on how we are doing in Utah County!