Lehi, Utah Real Estate percentage of solds and price action to confirm market bottom

By
Real Estate Agent

We still are having a low percent of new listings being SOLD.  Currently 6.61% on a year over year comparision.  We need positive % in lists sold, with positive price action to confirm market bottom.

Please see data below.                                                                                 

                    PRICE ACTION

price

 

We need positive price action to confirm the market bottom.

Other good signs inaddition to price action, are positive action on % of new listings sold.

Lower DOM (days of the market) and lower new listings.

 

 

 

For more details or just to chat about market conditions please feel free to contact me.

Thank you

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Topic:
Real Estate Market Trends
Location:
Utah Utah County Lehi
Tags:
real estate
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market conditions
utah

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