The results for Bonnneville County show a market that has slowed down somewhat, but it would be hard to keep the pace of 2016, the most go-go year ever.
Here’s what the number crunching reveals …
Homes Sold: 1,986 in 2016, 1,766 in 2017, a decline of 11 percent.
Average Days on Market: 57 in 2016, 48 in 2017. Homes were selling faster on average.
Median Price: $163,783 in 2016, $174,527 in 2017. Homes were selling for more.
New Listings: 2,663 in 2016, 2,426 in 2017.
If these numbers suggest anything to me, is that 2016 was a year in which a lot of inventory got unloaded while 2017 was healthy and still a seller’s market.
For the sake of historical perspective, let’s take a look at 2006, the biggest year before the crash.
Homes Sold: 1,788
Average Days on Market: 95
Median Price: $143,717
New Listings: 1,863
And, lastly, here are the numbers from 2011, which represents rock bottom.
Homes Sold: 987
Average Days on Market: 110
Median Price: $133,879
New Listings: 2,049
