With a strong performance in 2013, Salt Lake County’s residential real estate market has almost fully recovered from the worst housing recession in our history. Some of the most notable features of last year’s market include:
● A 15 percent increase in the median sales price of a home; $212,000 in 2012 to $245,000 in 2013.
● A 15 percent increase in the median sales price of a condominium, town home and twin home, $144,100 in 2012 to $166,000 in 2013.
● A 5 percent increase in single-family homes sales pushing total sales to 11,700 homes.
● $3.3 billion in home sales; $600 million more than 2012, up 22 percent.
● A 26 percent increase in condominium, town home and twin home sales for a total of 2,986 units.
● $546 million in condominium, town home and twin home sales; $171 million more than 2012, up 46 percent.
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