Utah home sales increased 13.2% in November while national sales climbed 6.1% year over year. Home prices also rose both statewide and nationally as did inventory.
The chief economist of the National Association of REALTORS® said sales momentum is building. "More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%," said Lawrence Yun.
Conforming loan limits for most counties in Utah for one-unit dwellings will be $806,500 in 2025, an increase of nearly $40,000 from the 2024 limit, according to an announcement today from the Federal Housing Finance Agency. The limits in Summit, Wasatch and Wayne counties remain unchanged from their 2024 levels. Learn more: www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2025... See MoreSee Less
Utah home sales increased in September as buyers took advantage of the lowest mortgage rates of the year. Conditions for Utah home buyers have improved as a result of measurable declines in mortgage rates since last year and increased housing inventory. Although much more affordability progress is needed, UAR's Housing Affordability Index improved 7% over September 2023.
Utah Association of Realtors
6 days ago
Utah home sales increased 13.2% in November while national sales climbed 6.1% year over year. Home prices also rose both statewide and nationally as did inventory.
The chief economist of the National Association of REALTORS® said sales momentum is building. "More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%," said Lawrence Yun.
Statistics for members: utahrealtors.com/realtors/market-statistics/
Statistics for the consumers: utahrealtors.com/consumers/resources/statistics/ ... See MoreSee Less
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Utah Association of Realtors
4 weeks ago
Conforming loan limits for most counties in Utah for one-unit dwellings will be $806,500 in 2025, an increase of nearly $40,000 from the 2024 limit, according to an announcement today from the Federal Housing Finance Agency. The limits in Summit, Wasatch and Wayne counties remain unchanged from their 2024 levels. Learn more: www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2025 ... See MoreSee Less
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Utah Association of Realtors
2 months ago
Utah home sales increased in September as buyers took advantage of the lowest mortgage rates of the year. Conditions for Utah home buyers have improved as a result of measurable declines in mortgage rates since last year and increased housing inventory. Although much more affordability progress is needed, UAR's Housing Affordability Index improved 7% over September 2023.
Statistics for members: utahrealtors.com/realtors/market-statistics/
Statistics for the public:
utahrealtors.com/consumers/resources/statistics/ ... See MoreSee Less
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