March 2011 Utah County Housing Statistics

Housing StatisticsThe market continues to show signs of improvement. Listings were again down, bringing our YTD listings to 2,664, a 19.1% reduction from 2010 numbers. This has continued to push our overall inventory down to 3,999 units, 14.8% below our levels at this same time last year. This has put our months of supply of inventory down to 9.5 months. Sales prices have continued to decline, but that seems to be more a result of the lower priced segments of the market moving, while higher priced homes continue to struggle. Month to month closed sales were down, a result of the inflated sales we saw last year from the tax incentives, however YTD was still up, currently a 2.2% increase. And most promising of all is the pending sales numbers, month to month is up 3% and YTD is up 4.6% – a great forward indicator for more positive news next month!

Utah County March 2011 Housing StatisticsUtah County Median Sales Price March 2011

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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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