Salt Lake County March Home Sales Up for Third Straight Month

The number of homes sold in Salt Lake County continued to climb in March 2009, with 713 homes sold, up from the 585 sold in the previous month. While these month on month increases are an encouraging sign, homes prices continue to fall, with the price per square foot falling into double digits for the first time since Jan 2006.

Since the peak of the housing market in June 2007 the price per square foot has fallen nearly 24%, while the average sales price has only fallen 12.52%. These figures indicate that people are opting to buy bigger homes rather than smaller cheaper homes. This is further reinforced by the size of the average home sold, which has increase from 2,255 to 2,640 sq. feet over the same time period.

Total Sales 713
Average List Price $269,376
Average Sale Price $260,188
Sale Vs List 97%
Average Sq. Ft. 2,640
Price Per Sq. Feet $99
Days on Market 89

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