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Home sales fall 42 percent in Salt Lake County

Home sales fall 42 percent in Salt Lake County

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Randall Jeppesen reportingThere has been a big drop in home sales in Utah from last year to this year, but some say there is some hope on the horizon.

If you compare last year's home sales to this year's, at this point it's around a 42 percent decrease. But Salt Lake Board of Realtors President Jillinda Bowers points out last year at this time, anyone could get any kind of loan. Not anymore.

"What we want to look as is what's been happening since January; and we've had an increase of 22 percent since this January," Bowers said.

So, the number of homes selling is starting to move up. "And I think that's where we need to focus, that we're moving upward," Bowers said.

But the homes that are selling tend to be those under $300,000.


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