While there are early signs of a housing market recovery, in the whole Salt Lake County yet again remained sluggish at best, with home prices continuing to come under pressure.

Single Family Housing Stats

Third Quarter 2010
Number of Homes Sold : 1902
Median Price : $229,900
Days On Market : 85

Third Quarter 2009
Number of Homes Sold : 2392
Median Price : $232,000
Days On Market : 79

Second Quarter 2010
Number of Homes Sold : 2886
Median Price : $220,000
Days On Market : 79

Year on year the median home price for a single family home in Salt Lake County declined slightly, dropping 0.91% to $229,900. The number of homes sold experienced a sharp drop, declining over 20%, with fewer than 2000 home sales in the quarter. The picture becomes more interesting when we compare the data against the previous quarter. Despite a near 35% drop in the number of homes sold (remembering that second quarter home sales were driven by the home buyers tax credit), the median home price actually increased by 4.09%.

Condo Housing Stats

Third Quarter 2010
Number of Homes Sold : 320
Median Price : $165,000
Days On Market : 107

Third Quarter 2009
Number of Homes Sold : 592
Median Price : $168,200
Days On Market : 79

Second Quarter 2010
Number of Homes Sold : 608
Median Price : $163,000
Days On Market : 96

The condo housing market appears to be following the same trend as the single family market, with the condo median home price falling 1.9% year on year, but increasing 1.23% compared to the previous quarter.

You can view detailed Salt Lake County Median Home Prices on our website.

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