NAR's Price Analysis for the Salt Lake City Metro Region states that "Home prices in the Greater Salt Lake City Metro Region are still booming." I wouldn't say "booming" - I would say still rising - at about 9% (based on 3rd Quarter Statistics).
Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission.
The report also comments on Utah's low unemployment rate and the fact that national mortgage interest rates are still historically low. Even so, it does mention the slowing in home sales and specifically attributes the slowdown to sellers who are overpricing their homes: "Sales activity has come down notably because of the fast rising home prices in Salt Lake City. The local economy is quite strong and is generating jobs at a solid pace."
I address the issue of overpriced listings in another blog entry HERE.
The entire report is 14 pages and contains much more information including graphs and charts. While I have permission to provide you a copy, I do not have permission to repost the full report on the public internet.
If you are a REALTOR(R) you can see the report for yourself by clicking on this link. NAR's Price Analysis for the Salt Lake City Metro Region
If you are a member of the public and would like to see the full report, simply pick up the phone and call me or send me an email.
If you have been considering a home purchase in the Salt Lake City Area, don't hesitate to call Homebuyer Representation, Inc. and ask to speak with an Exclusive Buyers Agent. Homebuyer Representation is the Real Estate Brokerage That Works For The Buyer!(TM)Homebuyer Representation, Inc. is a Real Estate Brokerage that services Salt Lake City, Utah and surrounding areas. Agents are Exclusive Buyer Agents (EBAs) and represent BUYERS ONLY. For Free Reports or a Free Consultation, contact Homebuyer Representation at (801) 969-8989 or click the highlighted links in this paragraph.
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Quotes from the report are: Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission.