April 2011 Utah County Housing Statistics

Housing StatisticsThe market continues to throw interesting data at consumers. New listings are continuing their downward plunge as April shows we are down 27.3% from last year and year to date we are down 21.2%. While this has driven our months of inventory down to 9.5 months, edging ever closer to a balanced market, we continue to see mostly distressed properties on the market, leaving buyers with fewer quality options.

Closed sales did dip dramatically, but this is mostly due to the tax credits that were available last year, which artificially inflated sales. This puts us down 4.0% YTD, but I anticipate us to make up substantial ground through the remainder of the year and we will see 2011 outpace 2010 closed sales.

Median and average sales prices continue to decline as these distressed properties put downward pressure on all homes sales prices. Days on market continues to increase ever so slightly, pushing us up to 95 days to sell.

Utah County April 2011 Housing StatisitcsUtah County Median Sales April 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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One Response to April 2011 Utah County Housing Statistics

  1. Gerd says:

    Hi, The above articles is very impressive,

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