Clinton, UT Real Estate News

Clinton is one of the few areas of Utah where more homes were sold in the first six months of '08 than is currently on the market. 165 residential homes and condos were sold in Clinton during the first half of the year. Currently on the mls there are 158 homes for sale in Clinton.   The median list price in Clinton is about $20,000 higher than the median sales price thus far this year. This gap is relatively insignificant as many of the homes are just priced too high and will lower their price in order to sell. The median sales price in Clinton is $188,750; the median list price is $214,900. The average list price of Clinton MLS homes is $226,332 and the average sold price is $200,397. All in all, the affordability of homes in Clinton is helping it to be one of the healthier real estate...
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By Gerald Richards
(Team One - The Franklin Group)
There are as of 8 May 2008, 147 active single family homes on the market with another 60 homes under contract for a total of 207.  By calculating what percentage of that total the 60 homes under contract are you know if Clinton is a buyers or a sellers market.   20 divided by 207 = 29%.   If the % is under 25 percent then it is a buyers market.  If it's over 25% then it's a sellers market.   So Clinton, UT is currently experiencing a seller's market.   To find out more about market conditions in Utah just give me a call at 801-540-3825
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