Home prices improve despite falling sales
August 15th, 2007, 11:02 am · Post a Comment · posted by mistywilliams
Some 97 out of 149 metropolitan areas across the country showed year-over-year price gains, despit sliding home sales. Unfortunately, the Valley wasn’t one of them.In the second quarter 2007, the Valley’s median existing home price hit $264,800, down 2.7 percent from the same period last year, according to a study released Wednesday by the National Association of Realtors. However, the median was still well above the $169,400 seen in 2004.Salt Lake City, Utah saw the largest price gain from a year ago with the median rising 21.9 percent to $233,100.
