What have Utah home prices done so far this year in 2023 #utahhousingmarket

1 year ago
10

NEW REPORT: June 27, 2023. What have Utah home prices done so far this year in 2023. To get a better understanding of Utah’s housing market, I’ll compare the most recent data to January 2023. In January, 1,949 homes sold. Last month, 3,389 homes sold. That’s a significant increase of about 1,440 units sold. Homes today are selling 29 days faster, dropping from 52 days on market to 23. The median price per sq.ft. jumped nearly $10 to $225.96. The Median Sold price for a single-family home increased by $31,000 going from $510,000 in January to $541,000 in May. This is the 4th consecutive month that home prices have increased. If you were trying to time the market to get the best deal, you have missed the bottom. Prices are increasing & homes are selling faster. If you are ready to buy a home, it’s time to start looking.

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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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