January 2019 Markert Update

Real Estate

For Utah County residents, here’s a quick summary of recent real estate stats – with a bit of good news for buyers! 

·      Thanks to the government shutdown- interest rates are down around 4.375% (FHA/VA)

·      Most popular price range for home sales in Utah County is $200,000 - $350,000*

·      Homes in this range are on the market an average of 29 days*

·      For past 45 days in Utah County: Average list price was $346,234 / Average sold price was $345,884*

·      For same time period last year: Average list price was $335,140/Average sold price was $329,353*

·      State of Utah - home values increased nearly 10% in 2018

·      State of Utah - Values are predicted to increase around 5% in 2019

If you have questions or would like a guide for preparing to buy or sell a home in 2019, please comment below or send me your email in a personal message. Thank you!

*Data retrieved from utahrealestate.com for the period December 1, 2018 – January 16, 2019