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2013-02-19 13:07:58
Wasatch Front listings at 15-year low

Even as home prices, sales rise, Wasatch Front listings at 15-year low
The number of homes along the Wasatch Front listed for sale was at a 15-year low at the end of 2012, even as prices rose steadily through most of the year and sales gained ground. Listings peaked in the fourth quarter of 2007 at 14,683 homes. By the end of last year had been cut to 7,229. Dave Frederickson, president of the Board of of Realtors, said worries that record low interest rates might rise soon is driving many buyers to snap up properties on the market - so much so that bidding wars have erupted over well-priced homes.
Read article - Salt Lake Tribune

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