Thursday, November 10, 2011

Home prices decline in Salt Lake, other metro areas

Home values fell in almost three- fourths of U.S. cities in the third quarter as a slowing economy deterred buyers. Prices in Salt Lake City dropped 15.3 percent. The median price of a single-family home in Salt Lake City fell to $182,600, and prices in the New York metropolitan area fell 3.6 percent to $389,600 in the third quarter. The Washington region had a 0.7 percent gain to $340,900, and prices in the Boston metropolitan area increased 0.3 percent to $367,700. Salt Lake Tribune