January 2009 Sees Rise in Salt Lake County’s Median Home Price

December saw the median home price rise to the highest level seen since January 2009. The new median home price of $264,398 was a 6.27% increase over Novembers price, and is further evidence that the worst of the housing market may well be behind us. The number of homes sold did decrease month on month, but this is normal for this time of year, and was still a 15% increase over last January’s total. The average size of a home sold continued to climb, and is now at the highest level for a year.

Total Sales 511
Average List Price $273,277
Average Sale Price $264,398
Sale Vs List 97%
Average Sq. Ft. 2,619
Price Per Sq. Feet $101
Days on Market 88

You can read this post about Salt Lake County Home Prices and other posts on our real estate blog.

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