Utah home prices WAY DOWN since the Peak of the Market

NEW REPORT: September 5, 2023. Utah home prices WAY DOWN since the Peak of the Market. At the Peak of the Utah housing market in May 2022, 4,059 homes were sold. In July 2023, only 3,038 homes sold. That’s 1,021 fewer homes sold today compared to when the market was on fire. In May of 2022 a home sold in just 6 days. It’s taking 18 days longer to sell a house today. The median price per sq.ft. at the peak was $244.26 which means we are down $13/sq.ft. from the peak. In May 2022, the Median Sold price for a single-family home was $598,500 compared to $552,000 today. So, the median sold price is still down by $46,500. At one point home prices were down by more than $100,000. But prices have increased every month this year.

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In nearly 20 years as a Realtor in Utah, I've helped 100's of people from all over the World. If you're looking to BUY, SELL, BUILD a HOUSE or INVEST in UTAH Real Estate, Call or Text Me @ 801-995-2337. I'd be HONORED to HELP YOU. I’m Ty the Real Estate Guy, Serving the Salt Lake City area, Utah County for YOUR Real Estate needs.

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