Market Update for July 2011

The Salt Lake Real Estate market remained bumping along the bottom in July 2011, and indeed there were some signs that maybe we are starting to see some small signs of recovery. The amount of Salt Lake houses and condos sold saw a large increase, jumping over 30% year on year. But while these numbers appear good, home prices continued to struggle, dropping 14%. The July 2011 Salt Lake average homes sale price was just over $223,000.