Statewide, sales rose 8.19 percent. Utah is in a strong economic situation. The median income has gone up.
Interest rates remain low.
This is a 5.51 percent increase in home prices from first quarter 1998 and a 1 percent decrease from fourth quarter 1998 when excluding Park City home sales for those time periods. Local boards throughout the state experienced growth in both prices and sales. Compared to first quarter 1998, average home prices rose in nine of 14 boards and sales increased in the same number of boards. Home sales are up in most areas and prices are staying relatively stable. The Wasatch County Board experienced a 50 percent drop in sales from first quarter 1998.