May 2011 Utah County Housing Statistics

Housing StatisticsThis is the first month in many in which we saw inventory and new listings actually increase. This is good in that it is giving buyers more options to choose from, but our new listings are still down 15.6% compared to last year.

Pending sales, which are a great forward indicator, jumped 53.6% which will be a tremendous boost to closed sales next month. Days on the market seem to be holding steady, and sales prices declined marginally. Overall, May’s market data is bringing much positive news to be excited about!

Utah County May 2011 Housing StatisticsUtah County Median Sales May 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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