Ben Larsen and Paden Anderson bring you the latest Utah Real Estate Market Update where they go over numbers for the month of September. As the seasons change and the weather cools, we are seeing things slow down in the world of real estate.
Comparing September of 2022 to September of 2023, we are still seeing more days on market, 7.9% fewer new listings, and 20.9% fewer closed sales. Although things seem to be slowing down as far as new listings and closed sales go, prices are still staying up with only a 0.2% drop in the median sales price. The change of seasons and the holidays right around the corner might also be having an impact on this. Let us know if you have any questions or real estate needs, we’re happy to help you get creative and make your dream happen!