Good news keeps coming in Tooele County
Good news keeps coming in Tooele County. At least as far as the housing market is concerned anyway!
I'll write about some other stuff later...
September sales numbers are in and they look excellent! Most numbers continue to be positive.
Let's start at the top. Accoprding to the Uah Association of Realtors, new listings jumped a whopping 74% this year over last. Traditionally, listings start to take a break for the holidays at this point in the year. Not sure what to make of this, but I think the extension of the USDA Rural loans in Tooele City until January may have been a factor.
Another indication that good news keeps coming in Tooele County is that pending sales are also up a very robust 22% which is helping to maintain the year over year number of over 20%. Pricing numbers are also up, with the median price in Tooele County rising almost 12% to 161K. Average price is also up 14.5% for a year over year increase of over 7%. Nice and healthy, and sustainable!
Days on market continues to drop as short sale inventory clears out, with average days on market dropping to 66 days. Again, this would be more dramatic if USDA could figure out a way to be as efficient at their processing in Utah as they are in the surrounding states.
Although our inventory of Tooele homes for sale is up over 8% year over year, we are still seeing monthly supply hovering around the magic 6% number, indicating we're still in something of a sellers market. This is further supported by the fact that sellers are seeing almost 96% of original listing price at sale.
All in all, a great month. If you want to know how this could help Tooele home buyers, call my partner Berna @ 435-840-5029.
The good news keeps coming in Tooele County Real Estate.
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