Downtown Salt Lake City properties near the Mormon Temple command a premium, but that isnt the only upscale market in the area. It is measured by reviewing mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac. Also, get secure & powerful listing using Houzeo Mobile App. What Do You Need to Get Preapproved For a Mortgage:Find out how you can get your mortgage approved digitally. According to Realtor.com sales will rise 15.2% and prices will increase by 8.5%. The Utah real estate market saw mixed trends in 2022, according to the data provided by the Utah Association of REALTORS. In 2021, the median price of homes sold in Salt Lake County increased by 22% from $378,250 in 2020. Foreclosure in Utah:Foreclosure in any aspect is a negative situation. There is no way around selling. Utah housing forecast: Market will remain hot, but price - KUTV Utah's economy is currently in excellent shape. To avoid entering into a real estate transaction too early, it is best to wait and time the market. A change in family dynamics can significantly impact your decision to sell your home. Related: real estate in Utah, Utah real estate for sale, UT housing market slow down, housing market cooling, house prices in Utah, Utah housing prices, cheapest homes in Utah, UT housing market, house market Utah, Utah market, cheapest real estate in Utah, Utah house prices, Utah hot pocket, redfin market data, home prices Utah, Utah real estate investment, condo prices in Utah, Utah housing, ut real estate market, real estate market in ut, Utah real estate market statistics, housing market forecast Utah, housing market Utah, Utah house market, Utah real estate news, real estate market in Utah, ut housing market forecast 2022, Related: real estate in Utah, Utah real estate for sale, housing market slow down, housing market cooling, house prices in Utah, Utah housing prices, cheapest homes in Utah, UT housing market, house market Utah, Utah market, cheapest real estate in Utah, Utah house prices, Utah hot pocket, redfin market data, home prices Utah, Utah real estate investment, condo prices in Utah, Utah housing. A few sellers are still in a dilemma considering the slow market, high inventory, decreasing home prices, and increasing mortgage rates. Theyre also willing to waive inspection fees and ignore the banks appraised value of the house. See median list price, median house size, median $/Sqft and inventory. Year over year, prices rose in four markets but pulled back in the other three. eq. Housing forecast for 2022 released - ABC4 Utah