Bill Sikes, Associated Press
Across the nation housing prices are rising, and Utah is following suit.
In May, housing prices continued on an upward climb for a second consecutive month. Housing prices for Utah increased 7 percent from last May, bringing the median price to $199,950, according to the Salt Lake Board of Realtors.
In Salt Lake County alone sales of owned homes and condominiums increased to 1,229, 15 percent more than May 2011. There has also been a 20-percent increase of homes sold this year from last year, the report said.
"Home prices are now increasing because there are more buyers than sellers," said Donna Pozzuoli, president of the Salt Lake Board of Realtors.
Now, 95 percent of sellers are seeing a close match with asking list prices and their offers, which is up from 90 percent in May 2011, according to Salt Lake Board of Realtors.
- Volunteer deputy accused of shooting unarmed...
- Why do only half of Americans invest in stocks?
- End of an era: Mercury rule shutters Utah's...
- Did you file your taxes jointly or...
- Happiness research inspired one business...
- April 15 may be Tax Day, but Tax Freedom Day...
- RC Willey opens new store at University Place...
- Leadership touted at governor's economic summit
- End of an era: Mercury rule shutters... 57
- Sen. Hatch's 'I-Squared' bill could... 26
- Are you rich or poor? The answer may be... 21
- Fight for $15 protests expand for... 20
- Minority of taxpayers pay majority of... 20
- EnergySolutions shouldn't store uranium... 8
- Gas prices in Utah climb 15 cents above... 5
- Contact lens makers sue Utah over... 4