As agents who are daily "in the field"—whether it's writing contracts, showing properties, negotiating prices, or hosting open houses—it's easy to assume that everyone is privy to the many fine points and shifting variables of what we do.
The Utah real estate market sees new data every week, so each month, we'll give you a look at a few relevant stats for Salt Lake County and Park City. We're just here to get you invested, informed, and (hopefully) in the home that's meant for you.
Salt Lake County Real Estate Market Update, July 2024
Summary: Year over year, July numbers are up for new listings, closed sales, average DOM, and median sales price, though increases on all are marginal. Month over month, however, we've seen something of a dip where properties listed are concerned, with June showing 1,575 and July clocking in at just over 1,430. That said, 2024 is looking good year-to-date, with an increase of almost 11% over new listings from 2023.
Park City Real Estate Market Update, July 2024
Summary: Month over month, Park City saw a 29% increase in closed sales, making July by far the strongest month of 2024. Average DOM is down from 82 in June, but there's also been a 17.9% uptick in the median sales price year over year (and a roughly 14% increase month over month).
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