The Jones team tracks available inventory along the Wasatch front. In fact we regularly   update a spreadsheet that tracks how many homes are active in Salt Lake, Davis and Utah counties. We have found like every other free market supply and demand is what dictates prices and were prices are headed.

In 2009 it was a challenge to send only 200 bank owned homes on our weekly mailer because there was over 400 to choose from. Today there are only 127 active bank owned homes in Salt Lake, Davis and Utah Counties combined!   These are a few other facts you might find interesting:

 

 

Date

 

Total number of homes on MLS as Active in Salt Lake, Davis and Utah Counties

 

September 2010

14,207

January 2011

12,108

June 2011

12,329

January 2012

9,233

June 2012

8,914
 

 

In the last 30 days in Salt Lake, Davis and Utah Counties 1,718 homes sold!   That is 57 homes sold every day!   The other interesting fact is back in 2009 there was very few homes to be built  on our mls because it was a waste of time to advertise a home that wasn’t there.   Right now today there are 1299 homes under construction or to be built out of the 8,914 available!!!