Selling a Home in Salt Lake City - Salt Lake City Home Values |
Forbes magazine names Salt Lake City No. 3 city for home sellers
Salt Lake is the third-best city for selling a house, says a new Forbes analysis. In its Best Cities for Home Sellers report, Forbes said that high job growth combined with declining inventory and a sharp drop in new construction despite not having an overwhelming inventory glut make Salt Lake City a good market for sellers. Other top markets for sellers include San Jose (No. 1) and San Francisco (No. 2). The report's findings come from a study of the country's 40 largest metro areas that analyzed unsold vacancy rates, construction starts, job growth and the degree to which the new conforming loan limits would affect financing availability in the city.
UAR releases year-end housing numbers
The Utah Association of REALTORS® has released its 2007 year-end market report, which says Utah home prices were up 11 percent from 2006 to 2007 while year-over-year sales were down nearly 19 percent. The average Utah home price in 2007 was $279,084, up from 2006's average of $251,413. |
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