Sales of single-family homes in Salt Lake County were down 3 percent in the third quarter (year-over-year), according to the Salt Lake Board of Realtors® Quarterly Home Sales Report.In the first nine months of 2014 single-family home sales in Salt Lake County dropped 5 percent compared to the first nine months of 2013.
Other surrounding counties saw a rise in Q3 home sales: Davis County (up 10 percent); Tooele County (up 9 percent); Utah County (up 2 percent); and Weber County (up 10 percent).
“The slowdown in home sales in Salt Lake County is tied to the area’s higher median home price,” said Angie Domichel Nelden, president of the Salt Lake Board of Realtors®.
“Salt Lake County’s median home price in the third quarter was $257,000, considerably higher than Davis or Utah counties where the median home p rice was $230,000 and $243,000 respectively.”
In the third quarter the median home price in Salt Lake County increased to $257,000, a 1 percent rise compared to a median price of $255,000 in the third quarter of 2013 Courtesy of Salt Lake Board of Realtors® Oct. 28, 2014
