Utah Home Sales Hits New Record

Posted by Help Now on Wednesday, March 4th, 2020 at 10:20am.

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.  

About the Author:

Utah Dave - Neighborhood ExpertUtah Dave - Daybreak Neighboorhood Expert and Local Resident

My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.

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