Monday, July 2, 2012

Housing market improves in Iron County

After several years of a struggling housing market in the midst of a severe recession, real estate agents said they believe the Iron County market is showing noticeable signs of improvement. Officials for the Iron County Board of Realtors have noticed an increase in sales for homes in the lower price ranges, which he defined as being from $90,000 to $135,000. Although there are still a large number of foreclosures, the housing market has improved.

According to a market update distributed by the Utah Association of Realtors for April, the most recent sales information available, closed home sales in Iron County have increased by 17.7 percent in comparison to the same time in 2011. Additionally, the median sale price for a home in Iron County as of April of this year was $86,000, in comparison to $95,000 in 2011. The Spectrum