July 30, 2013
Market: Salt Lake City, UT
According to Utah Business, Salt Lake County has seen 15 consecutive months of single-family home price increases, culminating in June’s 17.2% year-over-year median home price increase of $249,700. Moreover, according to Zions Bank, home construction loan applications are up 40% year-over-year. These increases in home prices and construction have likewise driven up home sales. The Salt Lake Board of Realtors reports that home sales in Q2 2013 in Salt Lake County totaled 3,430, a 12.2% year-over-year increase.
Read the full article at the Utah Business.