Utah Real Estate Market Update | March 2024

Utah Real Estate Market Update | March 2024

Welcome to our March 2024 Utah Real Estate Market Update! As the weather starts to warms up here in Utah, the real estate market is starting to heat up as well!

Paden and Ben look at numbers from February 2023 and compare them to February of 2024 in the Utah Real Estate Market! Things are starting to get a little bit more exciting and we aren’t flat lining like we were the majority of 2023. This February we are seeing 10% more new listings which means there is more inventory for our buyers. However, the median sales price has jumped up about 5% which is roughly $30,000 more than the median sales price last February. With that said, some of our agents are starting to see multiple offers on homes, and multiple buyers at home showings. People are starting to rip the bandaid off and are getting out of their lower interest rates to purchase something that is more suitable for their wants and needs. In this market update, Ben also does a micro update on Morgan Valley and Paden does a micro update on the Ogden Valley. Giving you an even closer look at what is happening in those two areas. Be sure to contact us with any of your real estate needs, we are ready to help you!

February 2024 | Utah Update

February 2024 | All Counties

February 2024 | Housing Supply Overview

February 2024 | Monthly Indicators

February 2024 | Q1: Quarterly Activity

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