South Salt Lake (84115) Absorption Report for July 2010

July 14, 2010

Home sales and inventory statistics

This Absorption Report is a snapshot of the real estate inventory in the South Salt Lake (84115) area, including the Liberty Wells and Sugarhouse neighborhoods. The first two rows of the table show the active and under contract properties, as of July 12, 2010. The third row shows the number of properties that sold in the given time period. Based on these numbers, you can see how large a supply of homes are currently on the market. As always, if you have any questions, or want information for a different area, all you need to do is ask us.

South Salt Lake (84115) Absorption Report



2 Months 3 Months 4 Months 5 Months 6 Months 12 Months
Active Properties: 164 164 164 164 164 164
Under Contract Properties: 20 20 20 20 20 20
Sold Properties: 46 74 96 121 141 305
Market Absorption: 23.00 Per Month 24.67 Per Month 24.00 Per Month 24.20 Per Month 23.50 Per Month 25.42 Per Month
Inventory: 8.00 Months 7.46 Months 7.67 Months 7.60 Months 7.83 Months 7.24 Months

 

As you can see, there is currently an 7 to 8 month supply of homes in the South Salt Lake (84115) area, depending on how many months of sold information you use.

The statistics in this Real Estate Absorption Report include all properties in all price ranges in the South Salt Lake (84115) area. Any questions? Or would you like statistics for a different Salt Lake area, a specific neighborhood, a specific price range, or even a specific property? Please contact us. For more information on Salt Lake City area real estate, ask your questions via phone, email or text.

To see what’s for sale throughout Salt Lake City, Utah and the surrounding areas, search the entire Wasatch Front Regional MLS. Curious about your specific home? We will provide you with a complimentary, no obligation, "Current Market Analysis" of your home. Again, just ask us!

Market statistics provided by Jenn and Phil Beck (us!), based on information from Wasatch Front Regional Multiple Listing Service, Inc. Information deemed reliable but not guaranteed.

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