Utah Association of Realtors

6 hours ago

Utah home sales fell while prices increased in March, largely the result of high interest rates and constrained housing inventory.

The story for U.S. existing sales was similar with sales down and prices up year over year.

"Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves," said Lawrence Yun, chief economist for the National Association of REALTORS®, in a press release about U.S. existing home sales. "There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market."

"More inventory is always welcomed in the current environment," Yun added. "Frankly, it's a great time to list with ongoing multiple offers on mid-priced properties and, overall, home prices continuing to rise."

Utah statistics for members: utahrealtors.com/realtors/market-statistics/
Utah statistics for the public: utahrealtors.com/consumers/resources/statistics/ ... See MoreSee Less

Utah Association of Realtors

3 weeks ago

Registration is open for our annual Utah REALTORS® golf tournament, which will take place May 20 at Thanksgiving Point with a shotgun start at 8 a.m. Register ASAP! Space is limited!

Learn More: utahrealtors.com/realtor/2024-golf-tournament/

Register Now: utahassociationofrealtors.regfox.com/2024-rpac-golf-tournament

Sponsor a Hole (scroll to the bottom of the page): utahassociationofrealtors.regfox.com/2024-convention-sponsorships ... See MoreSee Less