Thursday, August 13, 2020 / by Elissa Tran
As we have seen the state shut down and ro-open the past few months we are seeing an increase in COVID-19 cases here in Utah. Let's take a look at what we are seeing in the Salt Lake County market and how homes sales are being impacted.
- You can see that homes are selling very close to list price when you review the light green bar, staying very close to 100%
- If you follow the purple CDOM (Days on Market) you see there was a downward tree starting at the beginning of the year (normal and expected but you see a huge drop with a low of 8 days on market in April. You see that number slightly go up and back down now, these days on market shows how quick properties are going under contract at just about 16 days in June, continuing down to just 12 days in July.
- You see there is an increase in the number of total sales if you follow the blue line with a continual upward trend.
Feel free to give us a call with any questions you have or if you want to discuss what this looks like for you.
My UT Real Estate Group
Associate Broker, Realtor®