Stay updated with the latest market trends and statistics across Utah!

This dynamic section provides you with the latest and most accurate real estate statistics, brought to you by the Wasatch Front MLS. With consistent updates, you can rely on this page to stay informed about key market trends and insights across Utah.

All of this information is presented as a courtesy of Nick Booth, your trusted local real estate expert, dedicated to helping you make informed decisions.

Whether you’re buying, selling, or just keeping an eye on the market, this dashboard is designed to empower you with the knowledge you need. Feel free to reach out if you have questions or need personalized insights—I’m here to help every step of the way.

For Buyers

“Is it a good time to buy?”

With inventory up by 18.1%, buyers have more options to choose from than last year. However, the steady increase in median prices suggests competition remains strong. Acting quickly and working with an experienced real estate agent can make all the difference.

“How long will it take to close on a home?”

On average, homes are staying on the market for 65 days—slightly longer than in previous months. This gives buyers a bit more breathing room to consider their options, though popular properties may still move fast.

For Sellers

“Are homes still selling for good prices?”

Absolutely. The median sales price has increased by 4.7%, and homes are selling for nearly 96% of their original list price on average. Pricing your home strategically remains key to attracting serious offers.

“How quickly can I expect my home to sell?”

With average days on market at 65, you can anticipate a slightly longer selling process. However, with the right marketing and staging, your property can stand out and sell faster.

What’s Driving the Market?

Several factors contribute to Utah’s housing trends:

1. Inventory Growth: With over 6,200 active listings, there’s more choice for buyers, which helps balance the market.
2. Steady Demand: Closed sales are up by 10.2% year-over-year, highlighting strong interest from buyers despite rising prices.
3. Price Trends: The consistent increase in median prices reflects sustained demand and limited new construction in certain areas.

Questions You Might Have

“What does the 4.7% price increase mean for affordability?”

While prices are rising, the Utah market remains competitive compared to other states. Buyers can explore diverse price ranges across the Wasatch Front to find homes that fit their budget.

“How do these numbers compare to previous years?”

The market has seen steady growth, with 2024 marking a 4.3% year-to-date increase in median prices compared to 2023.

“What should I do next?”

Whether buying or selling, knowledge is power. Partnering with a local expert ensures you have up-to-date insights tailored to your goals.

Let’s Talk About Your Goals

The Utah real estate market offers opportunities for everyone, whether you’re searching for your dream home or looking to maximize your investment. As your trusted real estate professional, I’m here to guide you through every step of the process.

📞 Contact me today for personalized advice or to learn more about the latest market trends. Let’s turn your real estate dreams into reality.