The weather may not show Spring quite yet, but the market sure does! In a report published by Realtor.com, Salt Lake City was named the second hottest market in the entire United States. Realtor.com looked at the top 10 metro areas over the past 12 months where homes are selling the fastest and only San Jose, CA is currently beating Salt Lake City.
Median list price: $397,000
Median days on market: 37
Change in days on market: +8 days
While both urban and suburban homes are still selling fast in this outdoor lover’s paradise, they spend a bit more time on the market than they did at the same time last year—eight more days, to be precise. Still, there’s no shortage of buyers hungry to get into the market here, and they have plenty of attractive options.
Unlike many Western cities, Salt Lake City has many new homes going up. In fact, about 1 in 3 homes on realtor.com in that market is new construction. At a median price of $389,000, these new homes actually cost less than existing homes in the market, despite typically having an extra 400 square feet.
View the entire top 10 by clicking on the image below: