Thursday, May 24, 2012

Home sales up in Salt Lake City, nationwide

Consumers are buying more homes in Salt Lake City and nearly every other area of the country, the latest indication that the housing market could slowly be on the mend.

Median existing home and condo selling prices in the Salt Lake area rose 4 percent, to $195,000, in April, compared with the same month in 2011, the Salt Lake Board of Realtors reported Tuesday. The number of homes and condos that changed hands rose 15 percent, to 1,088 from April of last year.

The year-over-year increase in selling prices is the first for an April in three years, the board said. Selling prices, however, are still well off the April 2008 peak of $234,000. Salt Lake Tribune