Salt Lake County Homes Sales Fall 38%
December 30, 2008 - Deseret News - Jasen Lee
SALT LAKE CITY - The number of existing homes and condominiums sold in November in Salt Lake County hit a 13-year low, falling 38 percent from the same period last year. A Salt Lake Board of Realtors report released Monday showed that 576 units sold in November 2008, compared to 924 units sold during the same month in 2007. The last time home sales were lower was in November 1995, when 444 units were sold, the board said in a news release. The president of the Salt Lake Board of Realtors said that December also has been a slow sales month. "People are waiting to buy because they are seeing the market drop," said Jillinda Bowers. "The problem is, they are not going to know when the bottom hits." More...