Market Statistics February 2022

The UtahRealEstate.com website has published its January 2022 Market Statistics.  

Total number of homes sold last month were 2,707.

• 2,018 were Single-Family Homes.
• 689 were Multi-Family Homes such as townhomes and condos.

The median sales price for single-family homes sold last month was $530,000. This number was up 28.9% from January 2021.

The medial sales price for multi-family homes sold last month was $403,000.  That number is also up 30.0% from January 2021.

Homes were only on the market for 12 days.  That's up 2 days from last months 10 day cycle bewteen when homes were placed on the market and when homes were placed under contract.

The median sales price per squre foot was $223.77.

Total Residentail Homes Inventory Listed on the MLS Last January was 3,294 homes.  This month was up slightly at 3,330.

If any of this data seems a bit confusing please don't hesisate to give us a call at 801-693-HOME for more information.