Salt Lake’s September Real Estate Sales Report
October 11th, 2008 Categories: Real Estate News
Here are some stats for September. We are just about the same as August ’08 except the median price has come down a little. We are higher than last September which was the start of the Salt Lake slow down. It will be interesting to see what October’s closing volume will be now that the seller assisted down payment program is gone. There were a lot of closings taking place at the end of September.
|
Month |
# of Homes |
Avg $ Sold |
Median $ Sold |
|
Sep ‘08 |
1,010 |
$271,392 |
$220,000 |
|
Aug ‘08 |
1,019 |
$270,798 |
$225,320 |
|
Sep ‘07 |
913 |
$275,726 |
$225,000 |
|
Aug’07 |
1,266 |
$290,437 |
$239,000 |
I find it interesting that most of the problem loans were the 100% subprime loans and the down payment assistance loan which is an FHA loan and FHA loans are full documented loans. I think they killed the wrong part, the DPAs were not the problem. Oh well.
If there any series of stats that you would like let me know and I will do what I can to accommodate you.
Data Source Wasatch Front Regional MLS
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