Shocking Change coming UTAH Housing Data Reveals 😳 Is it Time to Buy a House in Utah #utahrealestate

How does February 2023 compare to February 2022? Most people won't believe what's happening. A popular way to compare data is to look at year over year numbers. I’ll show how Feb 2023 compares to a year ago. There are some major changes. The median days on market was 50. A year ago, homes were selling in 6 days. It’s a big jump, but nothing to be concerned about, 50 days is fairly normal. in February 2023, nearly 2,500 homes were sold. The shocker here is, that’s only 400 less homes from when the market was sizzling last year. In February the median price/sq.ft. was nearly $215, only $14/sq.ft. less than a year ago. In the upper Red box, the median sold price was almost $525,000. So, we are only down about $25,000 from 1 year ago. Is the Utah Housing Market Crashing or Recovering?

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

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Make your next real estate move in Utah with confidence. The MOST accurate and up-to-date real estate statistics, trends and key information that will help you make informed decisions when buying or selling a home. From first-time homebuyers to seasoned investors, join us as we demystify the complex world of real estate and mortgage lending in Utah.

Looking to Buy or Sell in UTAH? Call or Text me:
Ty Wilde - Utah Realtor
"Ty the Real Estate Guy"
801-995-2337
Wise Choice Real Estate

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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