More and more real estate properties were released last month as the number of homes sold in Salt Lake rocketed up in the market. As tallied in the MLS listings, around 182 homes were sold out which gave a record of 22 more homes sold compared to January 2010 home sale numbers.
As to welcome the season of home buying and selling, February did a good start as its numbers were comparable to the same month of 2008 wherein 181 homes were sold in the market. It is just a one more home sold out and a little discrepancy was noted.
A year over year change of home sales was also calculated and went up to 0.55 percent. The original list price was $219,450 with a median price at $199,250. There were 2,144 active listings of homes for sale in Salt Lake and around 270 properties were under contract.
In the coming months, Realtors are expecting a massive number of home selling and buying will occur in the market. Anticipating the ongoing tax credit law will be more likely to contribute to the increasing numbers of home sales in Salt Lake City real estate market. Utah Real Estate will more likely to stand out if trends will still get better and brighter as far as good economy is concerned.
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