Statewide, Utah’s housing market is showing signs of growth. A recent report released by the Utah Association of Realtors displayed a 12.9% increase in Closed Sales across the state with a 14.0% increase in the Median Sales Price for the month of October.
With the improving economy and the job market on the rise, we are seeing more growth in real estate due in part to an increase in consumer confidence. Although some counties have seen a decline in Closed Sales as well as in Median Sales Price, though not enough to cause concern, the evidence shows nothing to indicate a decrease in the supply and demand within the housing market.
For further information about the local market stats for Utah and the individual counties go to the Local Market Update for October 2013