Homes sales decline sharply along the Wasatch Front

The number of sales of single family homes and condominiums along the Wasatch Front declined 42.21 percent in the first quarter of 2008, compared with the same period last year.

A report released today by the Salt Lake board of Realtors also showed that condominium sales fell just over 30 percent, compared with the first quarter last year.

Despite the drop in the number of homes and condo units sold, prices held relatively steady. The median single family home price rose 0.41 percent in the first quarter, with the median condo price declining slightly at 0.58 percent.

The report was compiled with information gathered by the Wasatch Front Regional Multiple Listing Service.

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