So many people are asking how the housing market is doing in Salt Lake City. The Salt Lake Board of Realtors states, KSL-NBC TV reported that “nearly every ZIP code in Salt Lake County saw increases in single-family home sales” in this year’s first quarter compared to last year. “Salt Lake’s west side saw the biggest jump of more than 122 percent,” the story noted. Sales of single-family homes climbed 15.3 percent during the first quarter of this year, according to the Salt Lake Board of REALTORS.”
So it looks like homes sales are up. A good reason they are up is because of the First Time Home Buyer Tax Credit and low rates. We will have to continue to watch the market to see how it will respond with the $8,000 tax credit no longer available.