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Housing

Salt Lake County's housing market has seen some of the same downturn happening all over the country.  The Salt Lake Board of Realtors recently reported that sales for the month ending May 2008 were down 33 percent compared to the period ending May 2007.  The average selling price of a home in Salt Lake County for May 2008 was 283,670 and the average days on the market was 48.

Salt Lake City continues to be an affordable and desirable place to live. Utah was named #2 most livable state nationally by the 2008 Morgan Quitno Press ranking.

Salt Lake has also seen a resurgence of downtown residential projects recently. With the success of the residential units at the Gateway, more mixed-use projects that include residential are on the drawing boards. Several downtown residential real estate projects are currently under construstion and more are planned in the City Creek development.  City Creek is expected to add another 10,000 residents to downtown Salt Lake City in the next 10 years.

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