Top 10 Highest Median Single-Family Home Prices along the Greater Wasatch Front
Salt Lake County home prices climbed to an all-time high in the third quarter, according to the Salt Lake Board of Realtors®. The median single-family home price in the July-through-September period reached $381,500. That’s up 7.5 percent compared to a median price of $355,000 in last year’s third quarter. Just three years ago, the median single-family home price reached $300,000, which was then an all-time high price. The previous peak home price was in the third quarter of 2007, when home prices topped $256,000 (or $298,085 in inflation-adjusted dollars). Home prices increased across all Wasatch Front counties including: Davis, up 6.2 percent; Tooele, up 2.6 percent; Utah, up 4.4 percent; and Weber, up 10.3 percent. Sales of single-family homes in Salt Lake County were flat (up 0.7 percent) in the third quarter year-over-year. Davis County saw sales increase 9.8 percent. Sales in Tooele County were up 4.7 percent. Utah County sales were up 11.8 percent. Sales in Weber County were up 12.1 percent. In the third quarter, the typical Salt Lake home was on the market 37 days before it sold – six days longer than the average time for a home to sell during the third quarter of 2018
Navigating Complex Transactions: The Broker Benefit over using a Real Estate Agent
Navigating Complex Transactions: The Broker Benefit In the intricate world of real estate transactions, the distinction between opting for a broker over an agent plays a pivotal role in not just simplifying the process, but in elevating the entire experience....
Five Key Factors Driving The Improvement In Home Affordability
Five Key Factors Driving The Improvement In Home Affordability In recent years, the landscape of home affordability has undergone tangible transformations, with several key factors contributing to a more accessible real estate market for a broader demographic. This...
Insights Into The Dynamic Shift: Home Values Rise As Median Prices Fall
In the ever-evolving landscape of the real estate market, a surprising trend has emerged—one that defies conventional wisdom and prompts a closer examination of underlying factors. This article delves into the complexities behind the seemingly paradoxical...
Secrets to a Successful Sale of Your Home
In the intricate dance of real estate, where emotion meets investment, the art of selling your home demands a blend of strategy, finesse, and keen insight. As navigators through the ever-evolving property landscape , homeowners poised to make their move must...
Why Buying Beats Renting in Salt Lake County Utah
In the current real estate climate, making the decision between buying a home and renting is more crucial than ever, particularly within the vibrant communities of Salt Lake County. This article delves into the five fundamental reasons why purchasing a property...
Evaluating Your Options: Should You Sell Your Home In 2024?
In contemplating the future of one’s real estate investments, the decision to sell a home in 2024 demands a meticulous evaluation of the current economic landscape, market trends, and individual financial goals. This article aims to provide homeowners with a...
Are Home Prices Going To Come Down?
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What we Know About Policy Changes Regarding the NAR Settlement
Important MLS System and Policy Changes Regarding the NAR SettlementOn Wednesday - August 14, 2024, UtahRealEstate.com will be making adjustments to the MLS system and MLS Rules as required by the settlement terms agreed to by the National Association of REALTORS®...
Unlocking Homebuyer Opportunities in 2024
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N.A.R. Lawsuit Settlement Fact Sheet for Utah
Lawsuit Settlement Fact Sheet – Utah Changes ChangesWhile changes will be minimal in Utah because of the state’s pro-consumer laws and customs, Utah REALTORS® are committed to helping buyers and sellers understand and navigate the changes. Key settlement terms...