First up, we have the Months Supply of Inventory, which is sitting at 2.36. This number tells us how long it would take to sell all the current homes on the market at the current sales pace. A lower number like 2.36 indicates a strong seller's market, with high demand and limited supply.

Next, we have the 12-Month Change in Months of Inventory, which is at -4.45%. This means that the inventory of homes for sale has decreased over the past year, further tightening the market and potentially driving up prices.

With a Median Days Homes are On the Market of just 7, it's clear that homes are selling quickly in this market. Buyers need to act fast when they find a home they love, as it may not be on the market for long.

The List to Sold Price Percentage is at 95.5%, showing that homes are generally selling close to their list price. This indicates strong competition among buyers and a market where sellers have the upper hand.

Finally, the Median Sold Price is $662,500, giving us a sense of the overall price point in this market. With homes selling quickly and close to their list price, sellers may have the opportunity to fetch a good price for their property.

Overall, these metrics paint a picture of a competitive real estate market with low inventory, quick sales, and strong prices. Buyers will need to act fast and be prepared to make strong offers, while sellers may find themselves in a favorable position to sell their home for a good price. It's an exciting time in the real estate market, so buckle up and get ready to make your move!

Riverton

84065

February 2024 $557,511

36 homes sold

February 2023 $608,471

26 homes sold

Land Area 20.85 sq mi

South Jordan

84095

February 2024 $677,111

15 homes sold

compared to

February 2023 $951,406

17 homes sold

Land Area 22.65 sq mi

Herriman

84096

February 2024 $559,390

85 homes sold

compared to

February 2023 $622,745

88 homes sold

Land Area 70.23 sq mi

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