Reprint from Salt Lake Board of REALTORS®

OCTOBER HOME SALES SLIDE, MEDIAN PRICE HOLDS STEADY, ACCORDING TO THE SALT LAKE BOARD OF REALTORS®

24 November 2008 (Sandy) - Existing home and condominium sales fell to 822 units in October, down 19.4 percent compared to 1,020 units sold in October 2007, according to a report today by the Salt Lake Board of REALTORS®. October's sales were down 20.7 percent compared to 1,036 sales in the previous month of September.

The median sales price in October was $228,450, down 0.7 percent compared to a median sales price of $230,000 in October 2007, but up 3.7 percent compared to a median sales price of $220,375 in September.

The median days on market to sell a home increased to 77 days in October, up from 48 days in October 2007 and up from 71 days compared to September.