The Wasatch County Board experienced a 15.63 percent rise in sales from third quarter 1998. The Utah County Board reported a 22.05 percent decrease in home sales from third quarter 1998. The Iron County Board saw a strong increase of 39.13 percent. People from larger cities are moving to more rural areas like Iron County. Statewide, sales rose 4.71 percent.
Interest rates remain relatively low, and that s good for both buyers and sellers.
Utah s average home price decreased slightly during second quarter 1999. We ve seen a substantial increase in inventory and that is stabilizing prices a bit. It s a great time to buy. Though Utah home prices dipped slightly overall, many local boards experienced a healthy increase in price. Compared to second quarter 1998, prices rose in eight of 14 boards.