Utah's Housing Market Is Looking Iffy In 2023
Salt Lake City and parliamentary building in evening hour. From March 2022 to March 2023, the median ... [+] sale price of a home in Salt Lake City...
Salt Lake City and parliamentary building in evening hour. From March 2022 to March 2023, the median ... [+] sale price of a home in Salt Lake City declined by 8.5%. Compare that to a year-over-year increase of 22% from March 2021 to March 2022. getty With housing markets across the United States thrown into an odd limbo due to rising interest rates, dampening demand, but sticky unaffordability, it's important to try and figure out what exactly is going on on-the-ground. While in past articles we focused on city housing markets, such as the Denver housing market in 2023 , here we're focusing on the Utah housing market, both on the state level and the housing markets of its 20 largest cities.