Utah Housing Market Graph

See median list price median house size median sqft and inventory. The median home value in utah is 355 484. The median price of homes currently listed in utah is 370 000.

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The charts are divided into two major groups.

Utah housing market graph. Nar as part of its february housing market report said. The accuracy of the trend projection for utah is 77. This interactive chart tracks housing starts data back to 1959. The current level of housing starts as of april 2020 is 891 00 thousand homes.

Utah home values have gone up 5 3 over the past year and zillow predicts they will fall 1 2 within the next year. That unprecedented growth is expected to have an even larger impact on housing in communities and those trends of the future are already. Graph and download economic data for all transactions house price index for utah utsthpi from q1 1975 to q4 2019 about ut appraisers hpi housing price index price indexes and usa. If this housing market.

Chart national housing supply february 2020. Utah market trends and housing statistics. Housing starts historical chart. In other words when tested against historical data the forecasting methodology was correct 77 of the time.

Dwindling inventory leading to increasing prices along with continued growth in the multi family sector. Screenshot courtesy of nar. The median rent price in utah is 1 550. The year in charts summarizes the performance of utah s housing market in 2018.

The following 25 charts provide a record of current conditions show long term trends and highlight important changes underway in the home building and real estate markets. But utah is projected to double its population by 2065. The median list price per square foot in utah is 191. Utah s residential real estate market has had a similar story over the past few years.

By almost any measure. 1 residential construction and 2 residential real estate sales. According to freddie mac the average commitment rate for a 30 year conventional fixed rate mortgage decreased to 3 47 in. Utah housing market for the 12 months ending with the 4th quarter of 2019 is up.

Mortgage rates will fall as the fed lowers the key rate which opens up big mortgages for millennials buyers. Housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on.