The Case-Schiller home price index is out, national figures dropped a whopping 16% from a high in March 2007 to March 2008. Looking at the same time period in Utah, we had less than a 5% drop in the same period.
The average home in Salt Lake County sold for $300,354 in March 2007, $286,443 in March 2008, or just shy of a 5% drop. Compared to cities in Florida, California and Nevada, where average home sales dropped more than 25%, Utah's should consider themselves lucky.
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