Source: KSL —
The Beehive State’s housing market is catching its breath, according to the Utah Association of Realtors, but prices remain high and inventory low.
“The big story from the August report is we’ve got sales that have slowed a bit from earlier this year,” said Deanna Devey, the association’s director of communications and operations. “But we’re still seeing a huge increase in prices.”
The new report showed the median sales price for a home in Utah jumped 26% from one year ago to $455,000.
In August of 2020, the median sales price was $360,000.