Existing home sales decline

SALT LAKE CITY (AP) — A new report says existing home sales along the Wasatch Front fell sharply last month compared with a year ago.

The Utah Association of Realtors says the volume of homes sold decreased 16.5 percent from October 2007 to October 2008 in Salt Lake, Davis, Utah and Weber counties.

In Salt Lake County, home sales dropped 19.4 percent from October 2007 to October 2008. In October 2008, 822 single-family homes and condominiums were sold, compared with 1,020 properties in October 2007.

October 2008 sales were down 20.7 percent from the 1,036 sales in September.

The Salt Lake County median sales price in October was $228,450, down slightly from the median of $230,000 in October 2007, but up 3.7 percent from $220,375 in September.

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