Is the Utah Real Estate Market Crashing or Should You Buy NOW #utahrealestate #utahhousingmarket

1 year ago
6

NEW REPORT: March 25, 2023. Is the Utah Real Estate Market Crashing or Should You Buy NOW. How far have UTAH Home Prices Fallen Since the PEAK of the Market? Let's compare what’s happening today vs. the peak of the market in May 2022. February 2023 median days on market was 50. At the peak of the market, homes sold in just 6 days. That’s a large jump, but historically 50 days is fairly average. Nearly 2,500 homes were sold in February. Over 4,000 homes were sold during the peak month of May 2022. February 2023 median price/sq.ft. was nearly $215. At the peak, the median price hit $244/sq.ft. That’s a difference of $30/sq ft. In February, the median sold price was right around $525,000. In May we nearly hit $600,000. So, from the peak, home values have fallen $75,000 which is less than last month when it was nearly $100,000.

Watch the recent Utah Housing Market Update here: https://youtu.be/pPDXov3BzjU

Looking to Buy or Sell in UTAH? Call/Text me @ 801-995-2337
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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.

Get in Touch with Me
👉 Utah Realtor: Ty Wilde "Ty the Real Estate Guy"
📲 801-995-2337
📧 TyWilde7@gmail.com
https://nextlevelutahrealestate.com/
Wise Choice Real Estate

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