Salt Lake Home Prices Rise Again in June 2012

Salt Lake County property prices saw a slight rise in June 2012. The average price for a home stood at $235,090, up from $233,444 last month and $229,306 a year ago. The number of homes sold increased from 1,090 to 1,206 over the last 12 months. Homes also sold faster, taking on average 91 days to sell a home, down from 121 in June 2011. All in all this was another strong month for home sales, and while we are not totally out of the woods yet, it continues to provide a positive indication that the real estate market is picking up.

Average Home Price: $235,090 up 2.52%
Home Sales: 1,206 up 10.64%
Average Price Per Sq. Ft.: $96.84 up 5.27%
Average Days on Market: 91 down 24.79%

For more information on the latest Salt Lake real estate trends and to find homes for sale on the Salt Lake MLS then visit our Salt Lake City UT Real Estate website.

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