Utah Market Updates!
State Wide Active Listings have trended up 10% since last month.
- Salt Lake County Active Listings rose from 1909 active homes for sale in Salt Lake County to 2157 active homes for sale.
- Utah County Homes for sale – 1777 homes for sale in Utah County. As of May 30th inventory numbers have risen 11% from April. April was up 7% from March. Active inventories of homes for sale in Utah County are averaging 1777 homes for sale in Utah County
- Davis County Homes for sale – 548 Active for sale homes. As of June one inventories ares up 18% from the previous month of only 5%
- Wasatch County Home for Sale – As of June is 323 homes for sale. Up 14% from Last month.
Salt Lake County, central Utah receive federal funding to make homes safer
Salt Lake County and six central Utah counties will receive nearly 50% of the $6.8 million allocated for home safety improvements in the Mountain West region. The funds, awarded by the U.S. Department of Housing and Urban Development, aim to address health hazards in...
Homebuyers: 2025’s Ride Will Be Bumpy!
Home values are expected to rise 2.6% in 2025, matching 2024's growth pace. Sales of existing homes will climb to 4.3 million in 2025, up from 4 million this year.
How Rate Cuts Could Fuel Homebuying Competition
The Fed influences mortgage rates indirectly through its policy on inflation and labor market data. Mortgage rates generally drop with Fed rate cuts, making borrowing cheaper for consumers.
