Friday, December 7, 2012

Bonneville County home sales, prices rise in 2012

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The latest home sales numbers for Bonneville County show improvement over last year. More homes are selling and the median price has gone up.

The number of homes sold through the end of October this year was up almost 18.3 percent from the same period in 2011. Median home prices were also up significantly, over 6.6 percent.

But it's going to be some time before the numbers climb back to where they were before the economic collapse of 2007-2008. Historic figures show that sales through the end of October this year were two-thirds of what they were in the same period of 2007. The median home price this year was nearly 10 percent lower than what it was in 2007. Likewise, homes were selling faster in 2007 by an average of 39 days.

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