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2012-04-26 17:53:18
1st Quarter 2012 Salt Lake Board of Realtors Press

Single-family home sales continued to rise in the period, up 18 percent compared to the first quarter of 2011. This is the highest level of single-family homes sold in a first quarter in five years (in Q1 2007 there were 3,842 homes sold).


Also during the quarter, the median single-family home price fell 5 percent to $190,500 compared to $200,000. The peak in home prices occurred in the summer of 2007 (second quarter) at $256,000. From the peak, single-family home prices have fallen 26 percent.


While we are still seeing house-price declines, there are a number of cities showing price increases. Draper (84020) witnessed an 8 percent rise in single-family home prices with a median sales price of $325,000. Holladay (84124) home prices increased 16 percent to $290,000. Sugar House (84105) was up 6 percent at $251,500. More homes were sold in the Kearns ZIP code in the first quarter than any other ZIP code along the Wasatch Front.

 To view the press release go to

As written by:

The Salt Lake Board of Realtors


Dave Anderton | Communications Director

The Salt Lake Board of Realtors

230 W Towne Ridge Pkwy #200 | Sandy, UT 84070
801.542.8854| F 801.542.8841| C 435.671.0777  |

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