Utah Home Sales Hits New Record

Home prices across the Salt Lake City metro area are predicted to hit record levels in 2020 and the number of home buyers are also expected to reach historic levels.  Another record was set in Utah County where there are more homes for sale than Salt Lake County.  The Utah Association of Realtors (UAR) reported that Utah County had a record high of 54,274 home sales in 2019 - the most since  UAR began tracking in 2003. According to our very own, Dave Robison, the market is not going to flatten out anytime soon due to a shortage of homes and a high demand for them; however, what that means, is that what most people will be able to afford is high density housing like townhouses and condos.  If interest rates remain low, prospective buyers will likely continue to flood the market, which is good for Utah sellers.