UAR releases fourth quarter home sales statistics

UAR releases fourth quarter home sales statistics

Fourth quarter 2008 Utah home sales dropped about 17 percent, and average prices were down about 10 percent compared to the final quarter of 2007. Excluding Park City numbers that can inflate the average, prices were down almost 4 percent statewide. Year over year, home sales were down in every area of the state except in Utah, Morgan, San Juan, Carbon and Emery counties. The only areas to see single-family price increases were Brigham/Tremonton, Cache/Rich, Carbon/Emery, Central Utah and San Juan County. Utah and Davis were the only counties to see increases in condo prices. To see a complete listing of market statistics, click here.