Utah Housing Market Forecast 2022. *1.572 million homes were started in may (saar), up 3.6% from april and 50.3% from may 2020. Low interest rates, and migration of businesses out of california is making low tax utah the hottest housing market.
Searches for the phrase, “when is the housing market going to. It’s resulted in a 12.8% increase in home prices, 28% increase in homes sold, and rent prices up 3% to an average $1235. Salt lake city is a moderately walkable city with a population of approximately 186,419 people.
Median home prices in 2020 continue to surge higher.
Last week, we reported that provo, utah is one of the cities where millennials are buying homes in large numbers. He said changing demographics, a strong job market and a robust economy have contributed to the rising housing costs — a matter that is already affecting affordability for utah households. There is a current slow down and it is not predicted to stop anytime soon. Instant industry overview (market sizing, forecast, key players, trends)