Utah home sales climbed for the sixth consecutive month in November, rising more than 10 percent compared to last year, according to a report from the Utah Association of Realtors. For the year, sales were up eight percent compared to the same period in 2010. Since the beginning of the year, more than 30,000 homes have been sold.
In November, the number of homes for sale fell more than 23 percent compared to last year. Inventory levels have been falling for a year, with November marking the fewest number of homes on the market since April 2007. In addition, the number of new listings was down about 12 percent. The median sales price of Utah homes sold was $170,000 in November, down about 9 percent from last year. For the year, prices fell about 8 percent. Deseret News
