Utah County Total Number of Homes Sold at a Five Year Low

Fewer homes were sold in Q1 2009 in Utah County than any quarter within the last 5 years, and the average price for a home is still dropping, so where does that leave us? As you can tell from the blue line in the chart below, the median price declines are gradual and not nearly as drastic as the run up in prices that occurred before Q2 2007. Now is still a great time to pick up a good deal and I believe we will see a rebound in prices within just a few quarters.

This chart can be narrowed down to a more specific area, or home feature (age, size, bedrooms, etc...) Let me know if I can do some research for you.