Salt Lake home prices have increased nearly 47 percent over the past five years, and more than 371 percent since 1991, according to a recent report by the Federal Housing Finance Agency. Nationwide, home prices have increased 32.81 percent over the same five-year period. Over the past year, home prices across Utah increased 9.80 percent, the third highest house-price appreciation of all states, the report said The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. (Courtesy of Salt Lake Board of Realtors)
Have You Ever Seen a Housing Market Like This?
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smart home and what it means for homeowners today
Compared to this time last year, selling your house is twice as nice. Let’s connect so we can strike while the iron’s hot.
Compared to this time last year, selling your house is twice as nice. Let's connect so we can strike while the iron's hot.
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