Utah Real Estate Trends - Utah County Homes For Sale Statistics for First Half of 2010

Utah County homes are selling for less so far this year than at the same time last year. Lower prices have attracted more buyers with 1,956 sold homes, 123 more homes than during the same period a year ago.  The average sold price for a Utah County home was $244,356. Current homes listed on the market constitute nearly an 11 month inventory. Utah County homes that sold during the first half of the year averaged $85.29 per square foot, $11.61 less than the state average! It is taking nearly three months to sell a home that is priced with the market.

Utah County condominiums are selling for $19,000  less on average than last year. Condo prices offer buyers a significant savings compared with single family homes, selling for an average of $106,000 less. Condo prices are significantly lower than the state average by over $63,000. Condos are taking an average of 9 more days to sell than single family homes.

Conclusion:  Low interest rates, great inventory and very low prices currently favors buyers.

Utah County Homes For Sale Statistics for First Half of 2010