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Wasatch Front median home prices declines

(Salt Lake Tribune) Lower prices, superlow mortgage rates and a federal home-buying incentive of $8,000 helped boost home sales along the Wasatch Front in recent months, a new report shows.

More than 5,600 single-family homes in Salt Lake, Utah, Davis, Weber and Tooele counties were sold in the third quarter, up nearly 4 percent from the same three-month period last year, the Salt Lake Board of Realtors reported Tuesday. The report focuses on detached properties and does not include condominium or town home sales.

During the same time period, median selling prices of existing homes in the five-county area declined 5 percent to $213,250, according to the report. Prices now are off 9 percent from the market's height two years ago.

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