Utah County Association of REALTORS®

Monthly Statistics

To:

Brokers and Agents

From:

Taylor Oldroyd, CEO Utah County Association of Realtors®

Subject:

Monthly Statistics--March 2008

1

The number of units sold continued to slip in March compared to March of 2007; 327 units sold is a 43.4% change

from the 578 units sold last March. Surprisingly, the number of condos sold slipped even more from 124 in March

2007 to only 61 in March this year…a 50.8% reduction. Sale of single-family homes in March was down 41%

with homes priced more than $500,000 down 46.1%.

2

When comparing the first three months of 2008 with last year we see a slightly better result of 38.7% reduction in units sold.

Looking at condos sales in the first three months, the reduction is 35% down from 287 in 2007 to 186 in 2008.

3

Median list price is down 12.65% to $289,900 from $331,913 in 2007.

4

Days on Market for all residential types sold increased 53% to 78 this March compared to 51 in March 2007.

5

The number of active listings is up 21.3% to 4764 from March of last year.

Summary: I think that is enough bad news for one month. If I can find a silver lining in all of this, it is that with the

number of listings up it means many of you are busier…I hope all your hard work will generate into sales. Hang in there.

901 South Orem Boulevard, Orem, Utah 84085  Telephone (801) 226-3777  FAX (801) 226-8460  www.ucaor.com