Home sales in Utah hit ten-year low in June

Source: Utah Business — 

Sandy—Higher mortgage interest rates are slowing home sales. Home sales of all housing types fell to 1,344 transactions in June in Salt Lake County, the lowest number of home sales in Utah for a June month in a decade and 27 percent lower than sales in June 2021.

June was the 13th consecutive month of falling sales year over year. In a typical June month, there are 1,741 closings, according to the 10-year average.