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2011-09-27 08:59:39
Sales of homes up 22% locally in June-July-August

Sales of homes sold by REALTORS in the June-July-August period were up 22 percent compared to home sales last summer, according to the Salt Lake Board of REALTORS. More than 3,220 homes were sold in the three-month period compared to 2,634 home sales last summer.

The dramatic increase follows five months of declining home sales in the first part of this year due to last year's federal home buyer's tax credit, which inflated home sales.

Also helping to boost home sales this summer was a rebound in Utah's job market, which over the past 12 months has added 30,000 new jobs to the state, a nearly 3 percent increase, according to the Utah Department of Workforce Services.

New jobs translate to more people and more houses, as the rest of the nation grapples with how to create more jobs, the Utah economic recovery is already underway.

 
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