MyMarketPulse (mymarketpulse.com) has unveiled its analysis for February 2024, focusing on the property market trends in Salt Lake County, Utah.
The Median Sale Price for properties in Salt Lake County was documented at $589,000 for February 2024. This price point is an upward move of 5.70% from the previous month and shows a 5.30% rise from the year before.
The area witnessed the sale of 584 homes during this period, which is a 22.40% increase from the preceding month and an increase of 6.20% compared to the same timeframe last year.
Additionally, the Median Days on Market for listings was observed at 49 days, 12 days shorter compared to the previous month and shorter by 14 days from last year.
Currently, with a Market Pulse Score of 90, Salt Lake County’s real estate market appears to be experiencing a downtrend.
For more information about the Salt Lake County, Utah market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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