In the News
March Home Sales Down From Last Year, Up From March 2009
Sales of existing homes in Salt Lake County in March totaled 940 units (all
housing types), down 8 percent
compared to 1,020 units sold in March 2010, but up 25 percent compared to sales
in March 2009, according to the Salt Lake Board of REALTORS®.
Home sales in March were up 44 percent compared to February 2010 (non-seasonally adjusted).
“Home sales are down compared to last year at this time because of the federal home buyer tax credit,” said DeAnna Dipo, president of the Salt Lake Board of REALTORS®. “However, home sales in March of this year are up 25 percent compared to March 2009, when the recession was in full force.”
The median home price in March was $185,250, down 7 percent compared to a median price of $200,000 in March 2010, but up 3 percent compared to February’s median price of $179,990.
Based on sales trends over the past 12 months, Salt Lake County has a nine-month supply of housing inventory. There are 6,520 active listings of homes for sale in Salt Lake County.
Home sales in March were up 44 percent compared to February 2010 (non-seasonally adjusted).
“Home sales are down compared to last year at this time because of the federal home buyer tax credit,” said DeAnna Dipo, president of the Salt Lake Board of REALTORS®. “However, home sales in March of this year are up 25 percent compared to March 2009, when the recession was in full force.”
The median home price in March was $185,250, down 7 percent compared to a median price of $200,000 in March 2010, but up 3 percent compared to February’s median price of $179,990.
Based on sales trends over the past 12 months, Salt Lake County has a nine-month supply of housing inventory. There are 6,520 active listings of homes for sale in Salt Lake County.
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