Your Wasatch Front Blog

What's in store for Salt Lake's real estate recovery?

By yourwasatchfrontrealtor
Nov 06, 2012

I'd like to quote Donna Pozzuoli, the President of the Salt Lake Board of Realtors.

"...according to local economist Jim Wood, there is little doubt that demand for housing is accelerating. In fact, in Salt Lake County in August, home sales jumped 21% compared to August in 2011. And, August marked the 5th consecutive month of rising home prices as the median price climbed to $205,000, a 10% rise compared to last year at this time.  According to Wood's report, the greatest improvement in home sales across the Wasatch Front has been in Salt Lake County where the number of sales has increased by 19% in the past year....during that time, more that 1,000 additional homes were sold by Salt Lake Realtors, compared to the same period a year earlier. The trend is expected to continue into next year as rising numbers of new households, in-migration and low inventory push sales and prices upward."   ----Just a little snapshot of the market!

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