February 2011 Utah Housing Statistics

Housing StatisticsThe February 2011 Utah Housing Statistics Report brought welcome news as sales continue to outperform last years numbers which were assisted by the federal tax credit. This is showing that the housing market is improving without stimulus help. New listings continue to decrease with February down 19.8% and year-to-date at 15.6%. The months supply of inventory has finally been pushed below double digits to 9.7 months. Utah outperformed the nation this month in closed transactions. While the nation was down 2.8%, Utah was up 1.9%! For more interesting insights into the market check out:  “When Supply Is Down, Demand Goes Up!

Utah Housing Statistics February 2011Utah Housing Statistics February 2011 Closed SalesUtah Housing Statistics February 2011 Days on MarketUtah Housing Statistics February 2011 Inventory of Homes for SaleUtah Housing Statistics February 2011 Months Supply of Inventory

 

 

 

 

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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.
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