Utah Home, Condo Sales Up, Prices Down

A federal tax credit for home buyers helped push up sales of single-family homes in Salt Lake County 15.3 percent in the first quarter, compared with the same period last year, a new report shows.

Prices, however, are still falling.

The Salt Lake Board of Realtors reported that 1,716 home changed hands, up from 1,489 last year. The increase is a sign that the market, in a downturn since the summer of 2007, may be inching toward recovery. Sales of condominiums also were up from last year, by an even larger margin. In the first quarter, 350 condos in Salt Lake County were sold, up nearly 27 percent from the first quarter 2009.

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