Home prices in the Salt Lake City market took a small step backward from August to September but are still ahead for the year. On a month-over-month basis, the average selling price of a northern Utah home dropped 0.7 percent, according to the CoreLogic Home Price Index (HPI) released last week. Since September 2016, however, prices are still up 10.2 percent.
CoreLogic is a California-based property information and analytics firm. The prices used in its HPI include distressed sales such as foreclosures and short sales.
Nationally, home prices rose 0.9 percent from August to September and are up 7 percent since last September.