Salt Lake Real Estate Absorption Rate

Here is the absorption rate for Salt Lake County.

We have segments that are not moving.

To understand the Absorption rate, you simply divided the number of active listings by the number of homes that have sold in the previous month.

The key is, the ones that are priced right are selling and the rest are not. See the graph for The Tale of Two Markets Based on the data from the previous post. The days on the market for priced correctly and that are in good condition is fairly short.

List Price Range			# Listings Active	# Listings Sold in October	Months Supply
$0	-	$9,999	3	0	???
$10,000	-	$19,999	4	0	???
$20,000	-	$29,999	5	4	1.25
$30,000	-	$39,999	6	4	1.50
$40,000	-	$49,999	12	2	6.00
$50,000	-	$59,999	8	3	2.67
$60,000	-	$69,999	6	6	1.00
$70,000	-	$79,999	12	3	4.00
$80,000	-	$89,999	9	5	1.80
$90,000	-	$99,999	12	4	3.00
$100,000	-	$119,999	53	16	3.31
$120,000	-	$139,999	122	53	2.30
$140,000	-	$159,999	225	79	2.85
$160,000	-	$179,999	399	87	4.59
$180,000	-	$199,999	520	97	5.36
$200,000	-	$249,999	1,226	207	5.92
$250,000	-	$299,999	1,179	157	7.51
$300,000	-	$349,999	854	91	9.38
$350,000	-	$399,999	677	52	13.02
$400,000	-	$449,999	462	25	18.48
$450,000	-	$499,999	423	22	19.23
$500,000	-	$599,999	560	27	20.74
$600,000	-	$699,999	351	17	20.65
$700,000	-	$799,999	228	7	32.57
$800,000	-	$899,999	120	8	15.00
$900,000	-	$999,999	99	3	33.00
$1,000,000	-	$1,249,999	88	6	14.67
$1,250,000	-	$1,499,999	76	0	???
$1,500,000	-	$1,749,999	28	0	???
$1,750,000	-	$1,999,999	41	1	41.00
$2,000,000	-	$2,499,999	28	1	28.00
$2,500,000	-	$2,999,999	18	1	18.00
$3,000,000	-	$3,999,999	14	0	???
$4,000,000	-	$4,999,999	5	0	???
$5,000,000	-	and over	12	0	???

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Rob Aubrey Real Estate Group
Keller Williams Utah Realtors
Cottonwood Heights, UT

Cell Phone: (801) 694-4762
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