Utah's housing recovery continues to gain momentum in 2013. According to Dave Frederickson, President of the Sale Lake Board of Realtors, "strong consumer confidence in Salt Lake's job market is directly benefiting the housing sector. Limited supply is driving home buyers to BUILD new homes or look at multifamily options."
"Prices of homes in the Salt Lake area in February continued to show gains as demand for housing remained strong," according to the Salt Lake Board of Realtors. Since April 2012, home prices in the Salt Lake area have risen every month year-over-year. The median home price in Salt Lake County in February increased 20% from $175,000 to $210,000.