February 2012 Utah County Housing Statistics

Housing StatisticsPending home sales posted a tenth straight month of double digit increase, sitting at 564 which is up 37.9% this February. Closed sales are back up with a 7.7% increase, sitting at 337 sales last February and 363 sales this year. This should continue to increase with the high pending home sales.

Inventory and new listings continue to decline. February new listings were down 9.1%. This has pushed our total inventory down 25.1% and our months supply of inventory is also down substantially to 6.7 months, a 33.7% decrease from last year at this same time.

Utah County February 2012 Utah Housing Statistics

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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 February 2012 Utah County Housing Statistics

  1. Pingback: February 2012 Utah County Housing Statistics | vertexre

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