Salt Lake City Real Estate has actually fared pretty well during the first half of the year. It appeared that Real Estate in Salt Lake had fully recovered, and that the real estate market was headed towards a balanced market. June home sales turned that theory around quickly. During June Salt Lake City home sales were down.

Prices of Salt Lake Real Estate are clearly down, and appear as if they will continue to decline. The median price of single family homes in Salt Lake City was down 5.47% during the second quarter compared with the second quarter of last year.