Utah Real Estate Market Update | April 2024

Utah Real Estate Market Update | April 2024

Welcome to our April 2024 Utah Real Estate Market Update! We chat interest rates, what the feds are saying, current trends, and we share some advice whether you are a buyer, seller, or investor!

In this episode, we dive into the Q1 monthly indicators where we talk closed sales and median sales price for each county in Northern Utah between 2023 and 2024. We take a closer look into Morgan County and the Ogden Valley to talk numbers and how both valleys are changing. Days on Market have gone up 1.7%,  as a seller, if you have the ability to be patient, be patient. The buyers will come! The median sales price has gone up 2.9% from March 2023 to March 2024. Average sales price was $601,000 last year, this year it is up to $624,000. Percentage of original list price received last year was 96% and has jumped to 97.4% which means that sellers are getting more for their houses and buyers now have slightly less power in negotiation this March compared to last March. Some advice that we have for you is that it’s not timing the market it’s “time in the market.” Buyers that aren’t currently in something, get into something but be responsible about it. We’re here to help you make that first move and to educate you to give you more confidence in making what might be an intimidating move for you with current rates and home prices!

Morgan County | Q1 Update

Ogden Valley | Q1 Update

2024 | Economic Report

March 2024 | Utah Update

March 2024 | All Counties

March 2024 | Housing Supply Overview

March 2024 | Monthly Indicators

March 2024 | Q1: Quarterly Activity

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