We need listings! Tooele Real Estate stats for Sep
Well, September Real Estate in Tooele County numbers were a bit more of the same-Lot's of good news and a little concern on inventory.
Sales in September were strong again. Closed transactions were up over 10%. Median and Average sales price were both up, 9.7% and 4.7% respectively. This echoes our year to date numbers which also show strong, yet healthy and sustainable increases of 6.3% and 7.2%. For the year, the median sales price for a home in Tooele County is right at 170k. Compare this to SL County at over 231k and Utah County at 220k, and you'll see another example of why Tooele County is STILL the place to look for exceptional value.
The part of these numbers that is a struggle is in our current inventory. New listings were down almost 10%. However for the year, they are up over 10%. Hopefully, it's just a blip. Pending sales were also down in September, a bit over 6%. For the year, they are still up 8.2%. Current inventory is down over 6%, with some 525 homes for sale. Our months supply number is also down almost 13%.
So, what does this mean? Well to us it means now is a great time to sell your home, as your competition is far less than it's been. Prices are up, demand is up, and supply is down. We need listings and now is a great time for you to sell! Call us today and ask about our Fall listing specials!
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