December 29, 2008

Out With the Old and In With the New!

Posted to Steve Randall

With the New Year fast approaching we thought it would be interesting to find out the year-to-date sales numbers for 2008. Looking back can oftentimes help us understand what the next year (2009) will bring. This information will be very interesting for sellers that have homes currently listed. The reports outline the number of sales by county in the following categories: # of listings sold, average time on the market by sales price, the median and average prices per county, and the highest and lowest price sold in the five counties surveyed. Statistics come from MLS reports for Davis, Weber, Box Elder, Salt Lake, and Utah Counties. More analysis of this data will be forth coming in the days ahead.

Davis County YTD Sales Report
Weber County YTD Sales Report
Box Elder County YTD Sales Report
Salt Lake County YTD Sales Report
Utah County YTD Sales Report

Here are the latest lending rates. They have increased over the weekend. These are still excellent rates but pressure is coming from the Government to push them even lower. Lots of refinances are taking place right now!

Conforming Fixed 30-year rate: 4.875%
Conforming Fixed 15-year rate: 4.625%
Conforming 5-year ARM: 6.375%
FHA Fixed 30-year rate: 5%
FHA Fixed 15-year rate: 5%
FHA 5-year ARM: 5.625%

Posted By: Steve Randall


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