Home prices in the Salt Lake City market continue to inch upward, according to data from CoreLogic, a California-based property analytics company. October prices were 0.6 percent higher than September prices, the report said.
Home prices in the Salt Lake City market continue to inch upward, according to data from CoreLogic, a California-based property analytics company. October prices were 0.6 percent higher than September prices, the report said.
On an annual basis, Salt Lake City home prices are now 8.4 percent higher than a year ago. Both figures include distressed sales such as foreclosures and short sales.
Nationwide, prices are now 6.7 percent higher than a year ago, showing a 1.1 percent hike from September to October.
CoreLogic predicts that prices will continue to climb but slow to a 4.6 percent clip over the next year.