Thursday, October 28, 2010

Home prices hold steady, but sales drop along Wasatch Front

The Salt Lake Board of Realtors reported that existing home sales in Salt Lake County in September 2010 were down 27 percent compared to the same month last year. For the quarter, sales volume decreased nearly 21 percent from third quarter 2009. Similar scenarios played out in other areas as well with Utah County home sales falling just over 23 percent year-over-year, while Davis County sales fell almost 26 percent and Weber County home sales declining more than 30 percent. According to the report, median home sales prices were virtually unchanged in Salt Lake and Davis Counties, while Weber County prices decreased slightly at 3.73 percent and Utah County prices dropped nearly 8 percent for the year-over-year period. Deseret News