This absorption report is single family homes located in Salt Lake County that are not listed as Short Sales.  

 

 

2 Months

3 Months

4 Months

5 Months

6 Months

12 Months

Active Properties:

2,032

2,032

2,032

2,032

2,032

2,032

Under Contract Properties:

1,292

1,292

1,292

1,292

1,292

1,292

Sold Properties:

1,539

2,404

3,301

4,236

5,132

9,128

Market Absorption:

769.50 Per Month

801.33 Per Month

825.25 Per Month

847.20 Per Month

855.33 Per Month

760.67 Per Month

Inventory:

4.32 Months

4.15 Months

4.03 Months

3.92 Months

3.89 Months

4.37 Months

 

Under 5 months of inventory available!    Where is that shadow inventory everyone is worried about?  Bring it on we need it!  

 

1-4 months of inventory is a seller’s market

4-6 is a neutral market

Over 6 is a buyer’s market