Home sales in Utah are up, prices are down

Becky Bruce reportingHousing in Utah is officially a buyer's market with sales up and prices down.

Home sales jumped 19 percent in February from January according to Salt Lake Board of Realtors Vice President Ryan Kirkham. That represents a huge change from the same time a year ago.

Kirkham said, "I actually pulled up the numbers for 2007. The numbers went from, went up only 2 properties sold more in February '07 than January '07. So that's really good. I think we're encouraged by this."

"February's double-digit rise in sales is welcome news and follows three consecutive months of month-to-month sales declines," said Jillinda Bowers, president of the Salt Lake Board of Realtors. "At $225,000, Salt Lake County's median sales price for homes and condominiums is not over-inflated."

Kirkham says the numbers are still far from final for March, but they look positive so far and are on track to beat the February numbers.

Prices were down 4 percent last month.

E-mail: bbruce@ksl.com

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