UT: Northwestern State Housing Prices Continue to Drop

The median sales price of homes in Tooele County dropped for a fifth consecutive quarter during the second quarter of 2011.

Home prices are also down drastically from the same period a year ago. The median sales price fell from $169,000 in the second quarter of 2010 to $135,956 in the second quarter of 2011, a 19.5 percent drop, according to statistics from the Tooele County Board of Realtors.

“I believe that home values have stabilized,” said Toni Goodsell, president of the Tooele County Board of Realtors. “But foreclosures brought the median price down.”

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Full Story from the Toole Transcript Bulletin

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