The Salt Lake Board of Realtors issued its fourth quarter 2009 Housing Market Report, and it appears that the Utah housing market, and particularly the condominium market may be on the mend.
Single family sales were up 36 percent compared to the same quarter of the previous year; condominium sales were up even more. 544 condominiums sold during the quarter in Salt Lake County, which was a 42 percent increase over the corresponding 2009 quarter.
The year-end figures for 2009 were also up over the numbers for 2008. 2008 was the third year of a three year downturn in sales, thus suggesting that 2008 may have been the bottom.