Salt Lake County Homes Sold Increase for the Fourth Straight Month
The number of single family homes sold in Salt Lake County increased for the fourth-straight month. There were 835 homes sold in May, which was an increase of 4.11% over April’s numbers. While the numbers are still way down on last years numbers (in fact year to date they are 37% lower), at least the number of homes sold seems to have stabilized. Even with the increase in the number of homes sold, home prices for properties over $300,000 remain under pressure.
May 2008 - 835
Apr 2008 - 802
Mar 2008 - 765
Feb 2008 - 585
Jan 2008 – 507
Looking forward, as of today there are currently 1415 single-family homes under contract in Salt Lake County. While a good number of these will fall out of contract, the high number suggests that we will build upon May’s numbers and return an increase in homes sold for June 2008.
Article Tags: Home Prices | homes sales | salt lake county | salt lake homes | salt lake housing market