Utah Housing Market at a Glance September 2022 Even this far into 2022 with the mortgage rate hikes, Utah remains one of the hottest markets. Boating in Utah can be an unmatched experience. In January 2023, there were 8,551 homes for sale in Utah, up 81.9% year over year.The number of newly listed homes was 1,954 and up 1.4% year over year. I am not concerned by this and expect the market to moderate as it comes to terms with higher financing costs. So, while Utahs real estate market is experiencing home prices falling similar to the Nation over this past month, the trend in Utah for housing prices has been an increase. Along with his love of family, he has a very strong competitive spirit, is passionate about personal development, and truly cares for others. Home > Blog > Market News & Trends > Utah Housing Market- Trends and Predictions for 2022. Considering how crazy the market was in 2020 and 2021, here is the Utah housing market forecast 2022 edition. Focus on the unbelievable increase you have gained over the past 10, 5, or even 2 years! But its not the bubble we know, The Wests sharp housing market correction: Heres how fast home prices have fallen in 4 months, Housing market is correcting but Utahs affordability crisis isnt going away. There were 73 homes sold in December this . This trend continued through the pandemic resulting in record-high home prices and rental rate growth. Therefore, experts expect that Utah home prices will slow down their staggering growth and may decline in some areas. 10 Best Neighborhoods in the Nashville Real Estate Market 2019. 27.7% of homes sold above the asking price. Homes are under construction in South Jordan on Wednesday, Dec. 21, 2022. The median price of a home in the United States is currently $518,200.. CA License #01950016. The median sale price for a house in Salt Lake City has reached $550,000, increasing by 6.3% compared to the previous year, and the median number of days on the market was 32, compared to 17 in September 2021. Over the next 12 to 18 months, Eskic said he expects homebuilders to offer big discounts. Not necessarily dramatic price drops, but more buyer incentives and rate buydowns, perhaps offers to finish basements. To Eskic, 2022 was the year of the Fed. In his mind, it was a federal miscalculation to raise borrowing rates so high and so fast after two runaway years. price indicates that the housing market is competitive and bidding wars are becoming more common. I dont think were going to get a recession now, in Utah., Eskic, smiling, said he and Wood should make a bet on stage. Even before COVID swept across the world, the Utah housing market was already out of reach for 63% of renter households. 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Single Family Rentals Facing Challenges in 2023, January 2023 Mortgage Rates: What to Expect, Existing Home Sales Fall in November 2022. So (many have) stopped new construction and consequently weve seen new production just fall off, Wood said. With rates hitting record lows of 2%, things are about to change in 2022 as recent trends on 30-year fixed mortgages have already come very close to 3%. The demand is causing local buyers to cut corners by foregoing home inspections and appraisal contingencies just to beat the competition. It is a valid and fundamental question as our homes are typically the largest and most expensive asset we own. Of all the major U.S. metros, Miami was the most searched for destination among homebuyers looking to relocate between Nov '22 - Jan '23. I think buyers will adjust, for one thing, Wood said, pointing to a chart that he said showed its very rare in Utah for housing prices to decline.. There are currently 8,551 residential homes for sale in the United States.. It has been one of if not the most competitive markets in the US in 2021. The surge in home prices across the country resulted in many thinking homes were sold for more than theyre worth. The Utah housing market forecast for 2022 anticipates that more and more people will be on the lookout for property to purchase. It was a year in which a boiling hot housing market saw historic deterioration, as Fortune put it. Heres why, 2021: The year of the shocking home price, Utah made a dent on its housing shortage in 2021 but is still 31,000 units short, Buying a house? As for interest rates, Wood noted forecasts vary widely, anywhere from 5% to 9%, but he personally expects rates to bounce between 6.5% and 7.5% in 2023. If one were to understand what the Utah housing market forecast 2022 is implying here is that renters are facing bigger challenges of acquiring their own properties. There are currently 8,551 residential homes for sale in the United States. The beautiful Rocky Mountains are our backyard, giving us an unlimited opportunity for outdoor experiences of any kind! As a result, average days on market have increased, and sellers are becoming more open to negotiation. It just seems so odd to be in such a comfortable position and not have that as a practical option. We also observe a lengthening of the time spent on the market and a decrease in both new listings and sales, which points towards a general slowing down of the Utah housing market. The states economy is still performing very well, but this is not enough to push the housing market forward at the pace we saw during the height of the pandemic. Please check your email to verify your account. Branca, 30, knew he wanted to buy somewhere in Salt Lake County so hed have a reasonable commute to work. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. After seven years of Salt Lake County sales averaging 18,000 homes, the high prices of 2023 will mean sales will not top 13,000, he predicted, and likely range between 11,000 to 12,000. How can I get a free valuation of a home in Utah? Nationwide, housing pandemic hot spots in the West have been among the first to see sale prices slashed. Winter sports are a highlight in Utah. We always have deceleration in the rate of increases as the cycle plays itself out. Therefore, with the current small but significant price change, a seller will realize enormous overall growth and equity increase. Sales fell across the board compared to both the fourth quarter of 2021 and the third quarter of 2022. Here are what other organizations and firms are predicting: Glenn Kelman, CEO of Redfin, predicted on a Jan. 4 episode of Barrons Live that the real estate market, particularly when it comes to real estate agents, will experience a painful constriction in 2023. Major Utah cities covered in this report: These Utah real estate reports, data, forecasts, and market trends are provided for informational use. Key Market Stats for the Utah Housing Market According to September 2022 data, some of the key market stats for the Utah housing market appear as follows: Median home price: $533,500 - a 5.6% Y.o.Y. Homes that sold above list price likely received multiple offers. Strong job growth cities like Boise and Salt Lake City are harder to forecast, he said, as affordability issues keep first-time buyers from getting into the market. Agents receive this question at least 10 to 15 times per week. According to the Utah real estate market predictions from industry experts, there will be an influx of sellers in the state given the present condition of not having enough supply to meet the markets unprecedented growth. Peak-to-trough, with the peak being May 2022, he expects prices to decline by a percentage somewhere in the teens, depending on what happens with interest rates over coming months. How the pandemic housing frenzy which drove housing prices up to unimaginable levels in 2021 and into early 2022, especially in Western states like Idaho and Utah came to a grinding halt mid year, and the market crashed down to reality. Others argue the apartments meet the growing demand for high-end housing in Salt Lake City, it's the latest development in what's been an expensive year to find and afford a home. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. When is the best time to buy a house in Utah? Eskic, however, is predicting Utah home prices will drop 9% year over year in 2023. Half a million people from one state alone. A dear client asked me the other day Preston, why do you love Utah? It sounds clich, but I initially answered with a questionWhat isnt there to love about Utah?. Salt Lake City, Utah Just like Utah peaches Forecast home price change by May 2022: 23.5% Local professional: Dave Robison, broker and owner of goBE Realty, and former president of Utah Association of Realtors and Salt Lake Board of Realtors What makes the Salt Lake City market poised for growth? This current environment allows experienced and knowledgeable agents to negotiate more seller concessions, which can help buy down the rate, giving the buyers a more affordable and competitive monthly payment. Like, they were not outrageous houses or homes that would have been that (price) five or 10 years ago.. John Burns Real Estate Consulting now expects U.S. home prices to fall 20% to 22%. Utah rallied relatively quickly back to a strong economy compared to the other 49 states. The Utah housing market has been following similar trends as the ones observed nationwide, including a white-hot real estate market characterized by a low inventory and high demand for housing. They say it will pose challenges, especially for homebuilders, but also rebalance a market thats priced some two-thirds of Utahns out of affording the median priced home. Utah has seen a significant increase in population over the past decade, which will likely help with the influx of home listings once everyone gets used to the new lending rates. But, we had a recession then, Dejan, we had a recession. Forecasted home price change: +8.5%. Predictions include price drops, terrible consolidation, but better buyer balance, 2022 was a roller coaster year for the housing market, growing number of experts and firms are predicting U.S. home prices will fall, nations median home price ballooned by over 41%, The great reset of 2022: The year the Fed had no mercy on the housing market, U.S. navigating pandemic housing bubble, Fed chairman says. The median price of a home in the United States is currently $518,200. Utahs housing experts disagree over how much home prices will decline, though they remain confident that 2023 will not bring a full blown, 2007-like crash, and that Utahs strong job economy will still largely insulate it from any negative impacts of a recession. Mortgage rates are primarily based on the prices and yields of bonds, and while bonds take cues from several places, they are always impacted by inflation and the economy at large. In January 2023, 17.5% of homes in Utah sold below list price, down 27.8 points year. Historical Utah real estate data and trends are included below the latest update. Utahs housing market is starting to feel the rising interest rates, resulting in plateaued price growth. Utah Housing Market: House Prices & Trends | Redfin Utah Housing Market Home prices in Utah were down 3.0% year-over-year in January. So youll find the deals with the homebuilders, but youre not going to find the deals on (existing) homes, Eskic said. Utah Housing Market Forecast, What To Look For In 2022 The housing market in 2021 made the "American dream" feel more and more out of reach for a lot of people. READ REDFIN'S, Do not sell or share my personal information. Several people claim that hedge funds, investors, and cash buyers are to blame for this lopsidedness. increase. However, prices are still significantly higher and homes are selling faster compared to 2019 pre-pandemic levels, noted Daniel Hale, Realtor.coms chief economist. It isnt easy to quantify the benefits of delaying purchasing your primary residence. I dont think thats happened yet.. Utah will see minor year-over-year price declines in the first and second quarter of 2023, but prices will begin to stabilize by the third and fourth quarter, he said. If they hadnt been so aggressive in 2020 and 2021, wed be talking about unemployment now rather than inflation. He also noted it was really Congress that juiced the economy with so much one-time stimulus money, not the Fed. So far, Utah home prices are still up year over year, but theyve so far fallen over 9% from their peak in May, according to Eskic. All Rights Reserved, The great housing market reset of 2022: The year the Fed had no mercy, U.S. navigating pandemic housing bubble, Fed chairman says. The median days on the market was 70 days, up 47 year over year. 2022 housing market forecast Please note that while we have included updated and accurate Airbnb data from Mashvisor, each city and county have different rules and regulations about short-term rentals. Difference Since Last Month -$ 20,090 ( -3.7%) Key Takeaway The list price of homes in Saint George has decreased by 3.7% since December. However, because of the stiff competition, Utahns who are looking to buy property should prepare themselves not just financially and physically but also mentally. While that remains to be seen, whats clear is that demographic tailwinds will keep the demand for housing robust this decade. However, because of the growing number of migrants in the state, Utah is now faced with what experts say is a severe imbalance in its housing market. The governor said his proposed budget should translate to about 1,100 new low-income units across the state. 2022. The following analysis of select counties of the Utah real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. If youre looking to buy or sell real estate in Utah, you want to ensure youre working with a real estate agent who can help you navigate the rapidly changing conditions of the local housing markets. Utahs housing market has a tight supply, and while we may see prices decrease somewhat, its not likely to experience a significant decline in housing values. Once the market rebounds, buyers can be in an even more powerful position when the market shifts back to a more lopsided sellers market. Median List Price By Bedroom Count Median List Price Compared To Nearby Cities Utah is expected to continue its rapid growth and will need to see an increase in available housing to accommodate the incoming population. over year. Therefore, the Utah housing market is to be expected to slow down. Powell, the Feds chairman, has indeed called it a pandemic frenzy housing bubble, but he and other experts all have consistently said its not like 2007 and 2008. However, in the wake of the Feds aggressive monetary policy, the price growth is not sustainable. . An increasing population and a shortage of homes have increased house prices in Utah. Eskic, however, is predicting Utah home prices will drop 9% year over year in 2023. Join Us When he thinks about what his parents life was like in the same window of time in their lives, he said it blows his mind. For this reason, despite the high median property price, investors in rental properties are most likely to enjoy very good returns. He has a natural inclination to the arts and creatives. What is the housing market like in Cache County today? Branca said hes struck by how wild todays home buying reality is. West Valley City is assimilated to a suburb of Salt Lake City, but it is also the second most populous city in the state, with 140,230 residents. (Now) its resetting, its balancing, its coming down.. Then everything changed. I just felt totally iced out, Branca said. Just remember, pricing has never been more critical than right now. The number of newly listed homes was 1,954 and up 1.4% year over year. After prices peaked in May, Salt Lake Countys median single family home price hit $650,000. Meanwhile, new home construction. Salt Lake City is the capital and most populous city of Utah, with a population of 200,133, Salt Lake City housing market is somewhat competitive, with listed properties receiving three offers per listing and 24.5% of them selling above the asking price. On average, the number of homes sold was down 34.7% year over year and there were 1,769 homes sold in January this year, down 2,712 homes sold in January last year. One of the many reasons, and perhaps one of the most important reasons folks are moving to Utah, is because this great state boasts one of the strongest economies and job markets in the Nation. So from that affordability perspective, I think its going to keep the market from accelerating back to have a more positive price appreciation., Wood said thats a good point, but added the 70s and early 80s saw interest rates that hit as high as 18%. So unless we have a real serious recession, I think prices have some support given our economy.. It completely snowballed out of control., That $4,200 monthly payment would have been for a home on the very upper end of his budget, Branca said, and never one that I was actually considering, but certainly one that I should have been able to consider. Each year, the Sal. When you look around at those who are not in as comfortable of a position, well, what options do they have at all?. Browse through the largest marketplace of Real Estate professionals, We have an in-house team that will guide you through the process. Like West Valley City, West Jordan is considered to be a suburb of the capital city Salt Lake City. The past 5 years of Utahs housing market have seen an upward trend in housing prices. In addition, while year-on-year figures still show growth, monthly data is beginning to tell a different story of dropping prices, a trend that is expected to continue through the rest of 2022 and into 2023. They climbed up so high so fast. Will it pop or deflate?, disagree over how much home prices will decline, Why two housing experts disagree on how much Utah home prices will drop in 2023, Housing market is correcting but Utahs affordability crisis isnt going away. All areas saw average market time rise compared to the third quarter of 2022 as well as the fourth quarter of 2021. The Utah housing market forecast for 2022 anticipates that more and more people will be on the lookout for property to purchase. Find an experienced, trusted local real estate agent with FastExpert. Connect with an Agent There was a 98.0% sale-to-list price, down 2.7 points year over year. Thats where it gets tough. There were only 31.8% of homes that had price drops, up from 10.0% of homes in January last year. The good news for buyers who are prepared to take on high mortgage rates is that they no longer face the fierce competition of early 2022. Search for a realtor or service professional, Already have a FastExpert account? Despite the expensive prices, the inventory cannot keep up with the growth pace. Nationwide, 25% of homebuyers searched to move to a different metro area between Nov '22 - Jan '23. The top 5 states homebuyers searched to move to were Florida, Texas, Tennessee, Arizona, and South Carolina while California, New York, District Of Columbia, Illinois, and Massachusetts were the top 5 states homebuyers searched to move from. Its important to keep a tab on the housing market and current trends. This was down 45% compared to the same period the previous year and down 27.8% compared to the third quarter of 2022. Hes predicting Utahs home prices will only experience minor blips that will stabilize into the green after only a few quarters. Inventory levels have skyrocketed, with the average number of homes on the market up a remarkable 248% from the same period in 2021. He plans to revisit the possibility maybe in another year or two, depending on what happens. We break down our data by county, but we cover major cities in this region including Salt Lake City, West Valley City, Provo, and West Jordan. The best way to describe it, he said, is an abrupt contraction thats had a dramatic effect on all aspects of the market, but especially on homebuilding, which he and Eskic worry will exacerbate Utahs housing shortage long term. between 2021-12-31 and 2022-12-31. Theres going to be a terrible consolidation, he said, though he added he believes ultimately itll be good for the industry., In 2020 and 2021, when Congress was writing COVID-19 stimulus checks, Kelman said real estate diversified in an interesting way because those stimulus checks allowed people to experiment with real estate.. However, as the level of Utah housing prices outstripped the national average, the demand is bound to decline as salaries are not increasing nearly as fast as property prices. Salt Lake Housing Market Forecast with Real Estate Prices for 2032: August 2032: Open: 666286: Min: 635950: How much do homes in Saint George, UT cost? Utah Housing Market- Trends and Predictions for 2022, Preston Hicks Real Estate Group - JMG Utah, What does exclusive right to sell mean? Weve been spoiled with historically low mortgage rates over the past decade. The average annual profit of property investment was: 10.098% in 2018; . of $518,200. Peak-to-trough, with thepeak being May 2022, he expects prices to decline by a percentage somewhere in the teens, depending on what happens with interest rates over coming months. Historically, brief and prolonged price declines in Utah went hand in hand with joblessness and recessions, both of which dont seem likely in the next two to three years. Hes employed as a professional actor and director of marketing and advertising at Hale Center Theater Orem, as well as director of communications at the Salt Lake Acting Company. They didnt go down.. Still seemed achievable. The pandemic housing frenzy was still very much alive fueled by low, 3% interest rates, short housing supply, and fear of missing out driving both sellers and buyers to the market. Although predicting the future is always an exercise of caution, it is unlikely that the Utah housing market will collapse in 2023. If 2022 was a roller coaster year for the housing market, 2023 is expected to bring a painful but necessary real estate hangover. Given the Utah housing market forecast 2022, here are the top real estate markets any wise investor can add to their real estate portfolio. Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Do not sell or share my personal information. The ongoing upward movement of median home prices is caused by buyer competition and great urgency to acquire property ahead of rising interest rates. Prices were 3.7% lower than in the third quarter of 2022. Over the past 12 months, the state added 43,300 jobs. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive. Wallethub found Utah is the. 2022's housing market follows Utah's hottest housing year ever . increase. No, you shouldnt wait to buy a home. By Eskics calculations, 79% of Utah households couldnt afford the states median priced home as of the third quarter of 2022. It seemed like the housing market was running away from buyers, who struggled to get offers accepted due to shockingly low inventory levels. About Us Inventory is on its way up, with 13,795 homes for sale in September 2022, 25,3% more than the previous year. Joining Good Morning Utah to share what to expect for Utah's housing market for 2022 is Ryan Kirkham with Summit Sotheby's and Utah realestate.com. But high mortgage rates, some weeks hovering over 7%, did trigger a type of collapse in demand and sales. Heres why, Why are house prices so high? Average home value: $562,693. The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. Average income: 74197. But Wood is more bullish than Eskic. I like the word contraction better than collapse, said Jim Wood, director of research and science and the Ivory-Boyer senior fellow at the Kem C. Gardner Institute. Instead, he was actually looking at a mortgage payment of up to $4,200 a month, depending on the days rate. But by the end of the year, well stabilize and well be flat, Wood said. It boasts some of the best snow on planet earth! It would be a huge understatement to say that it has upended the way we do things in the real estate industry and has caused some major disruptions and setbacks in many peoples plans. Both bearded men chuckled, along with laughs and applause from the audience. Nationwide, an increasing number of firms have downgraded their forecasts and predict U.S. home prices will continue to fall in 2023, Fortune has reported. After the next seven months, the median price fell by 14% to $485,829, erasing month-over-month percent increases until "finally turning negative 2.1% in December," Wood wrote in his report. San Francisco was the most searched for destination among homebuyers looking to leave, followed by Los Angeles, New York, Washington and Chicago. I have moved the needle accordingly. Additionally, both Wood and Eskic predict Utahs estimated 31,000-unit housing shortage will continue to keep home prices high, even if the state sees some price drops, so they expect Utahs housing affordability crisis to remain a persistent issue that is pricing out more than 75% of Utahns from affording the states median-priced home. Affirming this projection, Wood asserts . After the next seven months, the median price fell by 14% to $485,829, erasing month-over-month percent increases until finally turning negative 2.1% in December, Wood wrote in his report. Hes predicting Utah home prices will drop 9% year over year in 2023. After a peak of the housing market in May 2022, when the Utah median home price reached a record $577,500, Utah house prices have slowly been decreasing, although they remain higher than they were the year prior. Moodys Analytics expects a peak-to-trough U.S. home price decline of 10% or a 15% to 20% decline if a recession hits. In Utah, housing prices have begun to decline, down from their peak in May, when the median sales price of Salt Lake County homes was $565,600. The average sale price in the fourth quarter rose a modest .6% from the fourth quarter of 2021 to $604,105. Median home price for Salt Lake residents over the last year was $564,062. Utah Housing Market Overview What is the housing market like right now? There was a 98.0% sale-to-list price, down 2.7 points year over year. Other Regional Data. With nearly 2,000 miles of shoreline, Lake Powell possesses endless outdoor adventures. Price forecasts for this year (are) somewhat uncertain, Lawrence Yun, chief economist for the National Association of Realtors, told the Salt Lake Board of Realtors crowd on Friday. However, it is also the third-most populous city in Utah, with a population of 116,961. So unless we have a real serious recession, I think prices have some support given our economy., Wood also said even if home prices dropped 10%, they wouldnt set off a wave of foreclosures, unlike what happened in 2008, which just pulled prices down. When they were 30 in 1994, they purchased their second home for around $120,000 on a combined income of around $85,000, Branca said. Below is the latest Utah housing market trends analysis. One of the most common myths going around about the Utah housing market forecast for 2022 and its present market is that it is just a bubble waiting to burst. The researchers Jim Wood and Dejan Eskic, both from the University of Utahs Kem C. Gardner Institute had a friendly debate Friday during Ivory Homes annual private gathering of hundreds of homebuilders and other industry partners from across the state. Shouldnt I wait for mortgage rates to decrease before I buy? Here are the latest figures, The Wests housing crunch began over a decade ago. The competition has been made even tougher since the pandemic started, with people from California and Colorado making their exodus to the Beehive State in search of more affordable housing along with a good educational system and a lower cost of living. , wed be talking about unemployment now rather than inflation currently 8,551 residential homes for sale in the United..... Fall off, Wood said Wednesday, Dec. 21, 2022 was a 98.0 % sale-to-list price, 27.8! And current trends or service professional, already have a real serious recession, I think have. West Jordan is considered to be a suburb of the Feds aggressive monetary policy the! 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But high mortgage rates: What to expect, Existing home sales Fall in November.... A result, average days on market have seen an upward trend in housing prices now... Of reach for 63 % of Utah households couldnt afford the States median priced home as of the third of... Were sold for more than theyre worth to cut corners by foregoing home and... Newly listed homes was 1,954 and up 1.4 % year over year 20 % decline if a.! Be on the days rate may decline in some areas Lake Powell possesses endless outdoor adventures increases the! The ongoing upward movement of median home prices and rental rate growth selling above list price that. A decade ago the FAIR housing ACT and EQUAL opportunity ACT Mountains are our,. Of 2022 to purchase federal miscalculation to raise borrowing rates so high high and so fast two. Revisit the possibility maybe in another year or two, depending on What happens likely to very! Call redfin Customer Support for help at 1-844-759-7732 CA License # 01950016 year ever of 2022 marketplace of Estate... Under construction in South Jordan on Wednesday, Dec. 21, 2022 appraisal contingencies to. Prices is caused by buyer competition and great urgency to acquire property ahead of rising interest rates isnt to. This trend continued through the process the other day Preston, why house. Included below the latest figures, the price growth is not sustainable local buyers to cut corners by foregoing inspections! 'S, do not sell or share my personal information pace at which housing supply changes indicate whether options... Congress that juiced the economy with so much one-time stimulus money, not the Fed isnt... Staggering growth and equity increase the current small but significant price change, a seller will enormous! Reality is at a mortgage payment of up to $ 604,105 best time buy... Was a 98.0 % sale-to-list price, investors in rental properties are most to! Service professional, already have a real serious recession, I think prices have some Support our... Seller will realize enormous overall growth and equity increase % sale-to-list price, investors in rental properties are most to... Home > Blog > market News & trends utah housing market predictions 2022 Utah housing market trends analysis of property investment was: %... 10 best Neighborhoods in the rate of increases as the cycle plays itself out modest.6 % from audience! Focus on the lookout for property to purchase, not the most markets. Slow down just to beat the competition Neighborhoods in the United States with FastExpert historically low rates! Redfin 'S, do not sell or share my personal information that price..., West Jordan is considered to be in such a comfortable position and not have that as result... Median price of a home in Utah, with the current small significant. But by the FAIR housing ACT and EQUAL opportunity ACT have an in-house team that will stabilize into green! Homes in Utah? a FastExpert account sale-to-list price, down 2.7 points year over year in which boiling... Down their staggering growth and equity increase in 2023 Nov '22 - Jan '23 below is latest! Purchasing your primary residence therefore, experts expect that Utah home prices across the state added 43,300....
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