Salt Lake City Home Prices Drop As Sales Rise

Gay Utah Real EstateSales of existing single-family homes during the third quarter reached their highest point in four years, according to data complied by the Salt Lake Board of Realtors. But the prices paid for those properties declined.

The number of single-family homes sold in Salt Lake County in the July-August-September period jumped 33 percent compared to the same three-month period last year. Sales in Tooele and Weber counties climbed more than 40 percent year over year, while Utah County saw sales rise over 26 percent.

Davis County experienced a moderate increase, with sales rising 8.45 percent. Despite the increase in the volume of sales, prices were down in all five Wasatch Front counties.

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Full Story from Deseret News

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