Realtor.com says April 16-22 is best time to sell in 2023

Report looks at sweet spot for seasonal trends in competition, demand and prices

March 16, 2023 If you’re thinking about selling your home, now is the time to prepare. That’s because a new report from Realtor.com says the best time to list a home is the week of April 16-22. Even though April 16 is still weeks away, many sellers n …

January market report shows improved conditions for Utah homebuyers

Statistics show lower home prices and greater negotiating power

March 2, 2023

March 2, 2023 Last year’s rapid rise in mortgage rates has continued to add balance to the housing market. Buyers are seeing lower prices, more concessions, greater negotiating power, increased selection and more time to make decisions. However, comp …

Buyers experience greater negotiating power as home sales fall 25%

September 2022 housing market statistics

October 26, 2022

Oct. 26, 2022 The rapid rise in mortgage rates created a less competitive housing market in September as affordability challenges kept would-be buyers on the sidelines. However, those buyers who remained in the market experienced much-improved housin …

Buyers see benefits from slower market activity in June

Changing market brings more choices and more time to shop

July 23, 2022

July 23, 2022 As housing demand moderates because of higher interest rates, buyers are beginning to see some benefits from the slower market activity. That’s according to the latest report from the Utah Association of Realtors that showed housing con …

Home selling mistakes to avoid in a changing market

Correct pricing essential in current climate

July 7, 2022

July 7, 2022 After two years of a white-hot real estate market, conditions are beginning to change — and that means sellers will also need to make changes. While the market still favors those with houses for sale, it’s important to remember that sell …

How have investors impacted Utah’s housing shortage?

16% of purchases went to institutional investors in 2021

June 30, 2022

June 30, 2022 Several recent news stories have talked about the impact of real estate investors on the housing market. Of particular interest are findings from Harvard’s “The State of the Nation’s Housing 2022” report, which show growth in investor p …

May housing inventory up nearly 60%

Buyers to have more choices compared to early 2022

June 16, 2022

June 16, 2022 Utah home buyers are beginning to see more housing choices as higher interest rates calm the market from the red-hot levels seen over the past two years. That’s according to the Utah Association of Realtors’ May 2022 Monthly Market Indi …

Salt Lake is 12th highest metro for 10-year housing wealth

Over 10 years, a typical SLC homeowner has gained more than $421,000 in housing wealth

June 9, 2022

June 9, 2022 Over the past 10 years, a typical Salt Lake homeowner has gained more than $421,000 in housing wealth through a combination of home price increases and paying down their mortgage. That’s the 12th highest gain in the country with $388,500 …

Utah home buyers seeing more choices as housing inventory rises

April data shows some shifts in market

June 2, 2022

June 2, 2022 Utah home buyers had more choices in April as year-over-year housing inventory rose for only the second time since 2019. That’s according to April numbers from the Utah Association of Realtors that show the effect of rising mortgage rate …

How will higher interest rates impact the housing market?

Insights from National Association of Realtors chief economist

May 12, 2022

May 12, 2022 As the Federal Reserve works to tackle elevated inflation through higher interest rates, would-be homebuyers will likely feel the strain of more expensive borrowing costs. Meanwhile, the housing market is likely to return to more normal …

Utah home prices hit new record even as rates rise

An overview of key housing indicators from March 2022

April 21, 2022

April 21, 2022 Even with sharp increases in mortgage rates, Utah home prices keep going up as properties continue to sell at a rapid pace. In fact, the median price of Utah homes sold set a record in March, hitting a median of $525,000 for the first …

Study says April is the best time to list a home

Realtor.com names April 10-16, 2022, as ideal week for sellers

April 7, 2022

April 7, 2022 If you’re thinking about selling your home, now may be the perfect time. In fact, a new study says the ideal time to list a home is only a few days away. The week of April 10-16 will be the best time to list a home in 2022, says Realtor …

Utah median sales price tops $500,000 in February

Year-over-year prices up nearly 30%

March 17, 2022

March 17, 2022 Record-low housing inventory has pushed Utah home prices to a new high. That’s according to the latest housing report from the Utah Association of Realtors, which examines market conditions as of February 2022. The statewide median sal …

New report compares Utah’s housing market to neighboring states

Economic study looks at real estate in Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming

March 16, 2022

March 16, 2022 An economic report studies housing market indicators in Utah and neighboring states including Arizona, Colorado, New Mexico and Wyoming. The Utah Association of Realtors commissioned the report, which was written by Dejan Eskic, senior …

Utah median home price sets new record in January

Statewide median sales price reaches $486,000

February 24, 2022

February 24, 2022 As home buyers rushed to secure properties and avoid interest rate hikes, Utah’s median home price hit a new record in January, according to the Utah Association of Realtors. The $486,000 statewide median is the highest recorded hav …

Two Utah metros on top 10 list for home price increases

Ogden-Clearfield and Salt Lake home prices up more than 24%

February 10, 2022

February 10, 2022 Utah metro areas had some of the highest home price gains in the country at the end of 2021. With home prices increasing more than 24% in the fourth quarter, Ogden-Clearfield and Salt Lake City ranked eighth and ninth on a top 10 li …

2021 marks second-best year for Utah home sales

Utah REALTORS sell more than 55,000 homes

January 20, 2022

January 20, 2022 Even though buyers struggled to secure homes amid inventory shortages, 2021 was the second-best year on record for Utah home sales. Utah Realtors sold more than 55,000 homes in 2021 — second only to the nearly 60,000 transactions tha …

March sets records for sales, prices, inventory

Utah median sales price hits record of $405,000

April 23, 2021

April 22, 2021 The temperature of an already hot housing market has gone up even more this spring as home sales increase, prices rise and buyers compete for a limited number of properties for sale. March data from the Utah Association of Realtors (UA …

Pitfalls to avoid in a low inventory market

Buyers should be careful when making aggressive offers

April 15, 2021

April 15, 2021 The weather is heating up and so is Utah’s housing market. Sales are booming, prices are rising and the number of homes for sale has tumbled. In April, the average number of active listings fell 72% from one year ago, according to prel …

Report: Staged homes sell faster and for more

See results from the 2021 Profile of Home Staging

April 15, 2021

April 8, 2021 Even though it’s a hot market, it still pays for sellers to adequately prepare their homes before placing a for-sale sign in the yard. That’s according to a new study that finds that home staging — the process of cleaning and declutteri …

April is Fair Housing Month

Make sure you know your housing rights

April 1, 2021

Thursday, April 1, 2021 Each April, the country commemorates the passage and signing of the 1968 federal Fair Housing Act, which makes it illegal to discriminate in the sale, lease or rental of housing. Lyndon B. Johnson signed the act to ensure all …

Inventory of homes for sale falls 64% in February

Limited supply pushes median sales price up 15%

March 25, 2021

Thursday, March 25, 2021 Utah’s spring home-buying season is off to an early start as bidding wars and intense buyer competition continue to define real estate markets in the state. With significant demand for homes right now, there are simply not en …

Tips for Choosing a Real Estate Agent

How to select the agent that's right for you

March 5, 2021

Owning a home may be the American Dream, but the process of buying and selling one can be complex. You can ensure a smoother transaction by using a real estate professional. Here are some tips to help you find the best agent for you: Ask friends, nei …

Appraisals in a Hot Market

Tips for navigating a market with rapidly rising prices

March 4, 2021

Thursday, March 4, 2021 Few homes for sale combined with high demand for housing has created a hot housing market. With home prices rapidly increasing — in January Utah prices were up 17% — that’s creating several challenges for both buyers and selle …

January Real Estate Statistics

Housing inventory drops sharply

February 25, 2021

Thursday, Feb. 25, 2021 The Utah housing market started the year at a strong pace, but exceptionally low inventory levels are holding back many prospective buyers who would have purchased homes had more choices been available. The Utah Association of …

Pandemic Housing Relief Programs

What to do if you can't make your housing payments

February 18, 2021

Thursday, Feb. 18, 2021 As a result of the continued hardship from the COVID-19 pandemic, the Biden administration announced Tuesday an extension of a foreclosure moratorium through the end of June. This means there would be no home foreclosures for …

Study says winter is the best time to get a mortgage

Study says Dec., Jan., Feb. are best months to get a mortgage

February 4, 2021

Thursday, Feb. 4, 2021 Winter isn’t typically the hottest season for the real estate market, but a new study suggests that the months of December, January and February may be the best time of the year to get a mortgage. A new study from Haus, a home- …

Best places for buying a home for remote work

“The coronavirus pandemic greatly accelerated the number of workers who are able to work from home.”

December 14, 2020

Many homebuyers often begin house-hunting by thinking about the number of bedrooms and bathrooms they want in their new home. Nowadays, however, one of the first questions a buyer may ask is what kind of internet access is available and whether there …

Why is Utah’s housing market so hot?

Utah has about 53,000 more households than it has housing units.

December 14, 2020

Home buyers are offering $20,000-$30,000 over list price just to secure a home. Builders have 10-15 buyers for every home they construct. Dozens of buyers compete for every entry-level home. In one case, an offer $15,000 over list price wasn’t enough …

Economist: Market surges as housing preferences change

“The housing market recovery that has taken place is quite a surprise.”

December 14, 2020

As home sales have surged and housing preferences have changed, the pandemic has had some unexpected results on the real estate market. The chief economist of the National Association of Realtors joined Utah Realtors this week at a virtual conference …

What to know if you can’t make your rent payments

Utah has used funding from the CARES Act to establish a pandemic rental assistance program

December 14, 2020

Earlier this month, the Centers for Disease Control and Prevention said renters can’t be evicted from their residence if they are financially unable to make payments. Issued to help prevent further spread of COVID-19, the moratorium extends through t …

Housing market continues to sizzle

“Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market.”

December 14, 2020

It may be the end of summer, but Utah’s hot housing market doesn’t appear to be cooling down. Utah real estate continued its exceptional bounce-back from the pandemic shutdowns with a nearly 8% gain in closed home sales and a whopping 24% increase in …

Warning signs of scams and unfavorable loan terms

Because scamming activity often increases during times like these, it’s important for borrowers to remain cautious.

December 14, 2020

Whether you’re looking for a mortgage because you’re buying a new home or refinancing an existing loan because of today’s ultra-low rates, it’s important to be on the lookout for potential scams. This is true for all borrowers, especially those who a …

Study: Salt Lake is most popular metro for Gen Z

“Gen Z buyers are young, but that's not stopping some from getting into or trying to get into the housing market."

December 14, 2020

Even while millennials are working on purchasing their first homes, buyers from Generation Z — whose oldest members turn 24 this year — are bringing more competition to the local housing market. In fact, Salt Lake City has the largest presence of buy …