June 2011 Utah County Housing Statistics

Housing StatisticsMore welcome news in the real estate market this month! Those pending sales from last month did equate into an increase in closed sales this month of 10.8% over last year. This has pushed our closed sales year to date to within just 1.1% of 2010’s numbers. I expect this trend to continue as once again the pending sales is up at 54.7% over last year at this same time.

Inventory did slide again this month with new listings down 10.8%, putting us down 14.9% YTD. This is a two edged sword as reduced inventory is good, but buyers are continuing to struggle to find what they are really wanting to buy. There’s a good opportunity for new construction to fill this gap, if only the banks would start lending to builders!

Utah County June 2011 Housing StatisticsUtah County Median Sales June 2011


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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