Salt Lake Real Estate Market Performance in 2014 Total Sales: 1.Single family down 1.7% to 11,500 homes. 2.Condos unchanged at 3,000 units. Value of Sales: 1. Single family down 1.5% to $3.35 billion. 2. Condo up 4.4% to $570 million. Median Sales Price: 1.Single family up 4% to $255, Condo up 5% to $175,000. Commission: 1.Up 2% to $235 million.

Quarterly Percent Change in Median Sales Price of Home is SL County

Market Fundamentals Strong Job Growth Low Unemployment Rate Fewer Underwater Loans Decline of Foreclosures and Short Sales Housing Affordability. Rising Apartment Rents. Strong National Economy.

Forecast for 2015 Total Sales up 7 percent to 15,500 units. Median Sales Price for Homes and Condominiums up 4 percent.