Real Estate in Smithfield Utah has slown down over the past year. Here are some interesting housing numbers for Smithfield Utah Real Estate.
# of Active Listings: 55
Median Price of Active Listings: $215,400
Average Price of Active listings: $225,000
# of Listings Sold in the Last six months: 43
Median Price of Listings sold in the past six months: $196,450
Average Price of Sold Listings: $207,028.
Compared to the last six months of home sales numbers, Smithfield has almost eight months of active inventory if no new homes were listed. In reality, new homes will be listed. The other problem is that the homes on the market are more generally more expensive than the homes that are selling. In the last six months only 9 Smithfield homes priced higher than $250,000 have sold. There are 22 homes on the market with a list price above $250,000.
Overall, the real estate market in Smithfield is relatively healthy, it's a buyers market, but but it's really not that bad.
View all homes for sale in Smithfield Utah here.
Alan
Smithfield looks like a very nice town. Hope your sales are up.
Sincerely
Tom Braatz