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Salt Lake City, UT
Rank: 24
Home price forecast: -11.3%
(one year, forecast through March 2010)
Population:
(2006)
1,067,722
Median family income:
(2008)
$65,300
Median home price:
(2008)
$230,000
Affordability index:
(2008 median home price/family income)
3.5
Prices peaked in: 2008:Q1
Total climb during the boom:
(2000 to peak)
72.0%
Total decline so far:
(Peak through 2008)
-6.8%
One-year change:
(Q4 2007 to Q4 2008)
-6.7%
Price change :
(from peak to bottom)
-21.0%
When they'll hit bottom: 2010:Q3
At bottom, prices will drop to levels last seen in: 2006:Q1
Notes: The 100 largest markets determined using 2006 Census population figures; metro areas are generally labeled by the largest city in that area. Price data are for single-family homes through the third quarter of 2008, the most recent data available. Forecast change from first quarter 2009 to first quarter 2010. Figures for Q42008 are estimated
Sources: Fiserv Lending Solutions, Moody's Economy.com, Dutchess County Association of Realtors, Illinois Association of Realtors, Real Estate Center at Texas A&M University.
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