State:mvwojovihta= Utah Real Estate Market Update

Currently state:mvwojovihta=Utah real estate market is showing signs of improvement in 2024 with home prices up 1.2% year-over-year to median $551,900. Home sales have experienced fluctuations. In January 2024, there was a 30.8% increase in home sales year-over-year. However, by June 2024, the number of homes sold had decreased by 5.1% compared to the previous year.

Overall, the Utah real estate market in 2024 is characterized by rising home prices, a strong seller’s market, and high mortgage rates. Despite these challenges, the market has shown resilience with continued demand and sales activity.