Utah Real Estate Market June 2020

Statistics for June 2020

Home sales count is almost matching last year's inventory. Sales volume continues to increase and the price per square foot is steadily climbing.

1)   Salt Lake County - June

• Sales Volume: $759,262,021.00 in 2020 vs. $$700,847,570.00 in 2019

• Median home sale price $375,000.00 in 2020 vs. $347,750.00 in 2019

• Cumulative Days on Market:  17 in 2020 vs. 15 in 2019

• Home sale count: 1,772 in 2020 vs. 1,774 in 2019 

• Price per sq. ft $173.16 in 2020 vs. $159.90 in 2019 –a difference of $13.25 per sq. ft.

• Median list to sold price 100% in 2020 vs. 99% in 2019

2)   Utah County – June

• Sales Volume: $447,497,798.00 in 2020 vs. $362,494,563.00 in 2019

• Median home sale price: $352,700.00 in 2020 vs. $335,000.00 in 2019

• Cumulative Days on Market: 18 in 2020 vs. 24 in 2019

• Home sale count: 1,154 in 2020 vs. 979 in 2019

• Price per sq. ft $143.74 in 2020 vs. $132.61 in 2019  – a difference of $11 per sq. ft.

• Median list to sold price 100% in 2020 vs. 99% in 2019 

3)   Davis County – June

• Sales Volume: $193,837,933.00 in 2020 vs. $194,278,865.00 in 2019

• Median home sale price $354,944.00 in 2020 vs. $335,400.00 in 2019

• Cumulative Days on Market: 10 in 2020 vs. 15 in 2019

• Home sale count: 506 in 2020 vs. 531 in 2019

• Price per sq. ft $152.60 in 2020 vs. $142.67 in 2019 –a difference of $9.90 per sq. ft.

• Median list to sold price 100% in 2020 vs. 99% in 2019

These numbers only account for homes that were sold on the Multiple Listing Service so much of the new construction is not factored in.

 Definitions:

Sales Volume – All home sales

Cumulative Days on Market – how many days a home was listed as Active on the market