Salt Lake City Real Estate sold 199 residential homes last November 2009. Home sales today increased by 38.77% compared to last years’ sales. According to MLS, there were around 325 homes sold in Utah Real Estate Market.
The effect of scheduled expiration of the first time buyer tax credit has something to do with the large increase in home sales. There were a lot of people who have been purchasing homes for sale in Salt Lake City Real Estate in order to beat the expiration and where they can benefit a lot in terms of home buying and selling.
In addition, the original list price of homes sold in Salt Lake City was $205000 and median sold price was $189000. Last November 2008, the median sold price was only $219000. Compared to last years’ data, it shows that there was a small difference on the home sales that are out in the market.