Utah’s Real Estate Market is hot in 2016

Utah’s Real Estate Market is Hot in 2016

Home is Utah are selling and selling fast. The average number of days that a home was on the market in 2015 was 42, according to KUTV. More positive statistics for 2015 include:

  • Utah has 20 percent more demand than last year we have 20 percent less inventory than last year and we are still expected for next year to be short 2000 households.
  • Condo & townhome sales have jumped 36% year over year.
  • Utah home values have increased 6.7% over the past year and Zillow predicts they will rise 4.5% within the next year.
  • The median home value in Utah is $224,300

If you have been considering putting your home on the market, now is a great time.