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Home inventory levels are figured out by taking the number of homes on the market in a given zip code and dividing it by the number of homes sold in that zip code for the last 30 days. The answer will give you the absorption rate. Or the number of months it would take to sell the existing inventory at the current rate if no other homes came on the market.
Note: These numbers are not seasonally adjusted and I do not include properties under contract in the calculation.
Sellers Market 1-6 Months
Buyer’s Market 8+ Months
|
Zip |
City |
July 27, 2007 |
Nov 23, 2007 |
Jan 23, 2008 |
Feb 21, 2008 |
March 24, 2008 |
|
|
|
|
|
|
|
|
|
84104 |
|
2.7 |
3.7 |
7 |
5.8 |
4.8 |
|
84120 |
|
3.4 |
9.6 |
14.6 |
8.0 |
7.4 |
|
84118 |
Taylorsville/Kearns |
3.3 |
8 |
10.2 |
6.8 |
6.3 |
|
84116 |
|
2.3 |
4.7 |
11.3 |
5.3 |
8.2 |
|
84103 |
Salt Lake City/Aves |
6.8 |
11.7 |
25.7 |
18.4 |
11.3 |
|
84102 |
|
4 |
10.4 |
13.3 |
11 |
10 |
|
84101 |
|
11 |
15.8 |
10.4 |
9.8 |
13.3 |
|
84111 |
|
6.5 |
7.3 |
17.3 |
14 |
11.2 |
|
84123 |
Taylorsville/Murray |
3.1 |
4.8 |
19.5 |
4.8 |
5 |
|
84107 |
|
3.9 |
6.5 |
12.2 |
10.1 |
9 |
|
84124 |
|
5.9 |
20.6 |
13.8 |
33 |
13.2 |
|
84117 |
|
4.6 |
8.8 |
22.7 |
11.7 |
16.4 |
|
84115 |
|
3.5 |
5.2 |
10.9 |
9 |
7 |
|
84105 |
|
5.5 |
8.8 |
19.7 |
12.4 |
7.8 |
|
84108 |
|
6 |
12.7 |
14.2 |
10.8 |
5.8 |
|
84109 |
|
5.9 |
21 |
14.3 |
13.4 |
13.5 |
|
84106 |
|
7.5 |
8 |
12 |
10.1 |
7.3 |
|
84121 |
|
12.6 |
15.9 |
22.1 |
14.1 |
15.3 |
|
84047 |
Midvale |
3.2 |
4.2 |
9.2 |
10.9 |
10.1 |
|
84084 |
|
3.7 |
7.3 |
9.6 |
10.3 |
5.7 |
|
84088 |
|
7.9 |
9 |
12.2 |
9.6 |
6.9 |
|
84070 |
|
4.6 |
19.2 |
13.6 |
22 |
10.6 |
|
84094 |
|
3.1 |
7.2 |
15.8 |
12.9 |
4.6 |
|
84093 |
|
15.4 |
8.2 |
7.5 |
11.1 |
15.6 |
|
84092 |
|
7.4 |
14.1 |
17.3 |
24.9 |
18.7 |
|
84020 |
Draper |
9.5 |
23.7 |
20.2 |
14.1 |
21 |
|
84095 |
|
8.6 |
18.6 |
21.6 |
15 |
13 |
|
84065 |
Riverton |
8 |
21 |
24.3 |
15.1 |
15 |
All data taken from the WFRMLS. Information not guaranteed. All rights reserved Mark Alder ©, a Salt Lake City Real Estate Agent cell (801) 979 6275
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