Posted on November 6, 2018 - 08:04 PM
by Glade McCombs
Salt Lake County Third Quarter Home Prices Rise 9.2%
Salt Lake County home prices continued to climb in the third quarter of 2018, according to the Salt Lake Board of Realtors®. The median single-family home price in the July-through-September period increased to $355,000, up 9.2 percent compared to a median price of $325,000 in last year’s third quarter.
Strong demand for homes is being driven by new household formations and net migration. This has created a housing deficit that continues to push prices higher. The top highest median home prices in the third quarter by ZIP code area included: Alpine, Emigration Canyon, the Avenues, Holladay and Draper (see graphic).
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