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, June 2024
Summary: Year over year, June numbers are down across the board, with the exception of median sales price. New listings have seen a 14% drop since last month's 1,845 properties listed (down roughly 7% from June of 2023), and we've also seen a drop in properties sold over the last month (-9%). Only median sales price has increased, both year over year and month over month.
Park City Real Estate Market Update, June 2024
Summary: While the number of properties both listed and sold have increased month over month in Park City (by 24.8% and 3.5%, respectively), closed sales have actually gone down by roughly 19% year over year (with 73 homes sold in June of 2023). Days on market are up from last year, though down from last month (by 24%). Median sales price in Summit County HAS seen a pretty significant decrease year over year (in June of 2023, it was $2,000,000) and it's down by 8% over the last month.
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