The Salt Lake Tribune ran an article yesterday named:

"Ailing Salt Lake metro housing market coming back to life"   

When reading the headline you can almost invision the nearly dead real estate market falling out of a hospital bed!   I think it would have been better to compare our real estate market to an Olympic marathon runner 20 miles into the race and getting ready to sprint!  The article also mentions the average days on market as 122 and that the median home price fell 5% from the same quarter last year. 

The article didn't mention the  highest volume area in Salt Lake County is zip code 84118.   In the 84118 zip code 419 homes sold in the last 200 days alone!  The Median Price in that zip code using solds from the last 200 days is $125,000. (of course that will push averages down)  The article also failed to mention that zip code median days on market is only 61 from list to sold.  That my friend is a smoking hot market not an ailing market coming back to life! 

This is a link to the article:

www.sltrib.com/sltrib/money/53978202-79/market-prices-rates-lake.html.csp

The Jones Team understands our market and we are available to give you clear, concise market data on your area.  Don't look at medians or headlines to determine if now is a good time to buy or sell.