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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/
Check out our article on KSL about how a REALTOR® helps buyers save money and avoid costly pitfalls: kslnewsradio.com/2095380/buying-a-home-this-spring/
We also have radio ads running on KSL to talk about the REALTOR® value. Check out our current spots here: utahrealtors.com/realtor/realtor-value-ads/
Buying a home this spring? Avoid these 5 costly pitfalls
kslnewsradio.com
By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.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
Utah Association of Realtors
3 days 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
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Utah Association of Realtors
6 days ago
Check out our article on KSL about how a REALTOR® helps buyers save money and avoid costly pitfalls: kslnewsradio.com/2095380/buying-a-home-this-spring/
We also have radio ads running on KSL to talk about the REALTOR® value. Check out our current spots here: utahrealtors.com/realtor/realtor-value-ads/ ... See MoreSee Less
Buying a home this spring? Avoid these 5 costly pitfalls
kslnewsradio.com
By avoiding these pitfalls when buying a home this spring, you can ensure your investment will be long-lasting and secure.Share on FacebookShare on TwitterShare on Linked InShare by Email
Comment on Facebook
Utah Association of Realtors
4 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
Share on FacebookShare on TwitterShare on Linked InShare by Email
Comment on Facebook