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Our home value calculator is an estimate of your property value and never an official appraisal. While we’re seeing the strongest seller’s market ever recorded within the Treasure Valleyhttps://www.caballoblanco.info there’s a silver lining for home buyers. Thirty-yr mortgage charges continue to hit new lowshttps://www.caballoblanco.info most recently 2.88{bc1d9a0495bb0417846b433d998b6ea7c691e8c6ce676c0773060e7c0c176ad6}https://www.caballoblanco.info offsetting a number of the document high promoting costs we’re seeing. Median is a better way to consider how much a typical home is worth as a result of properties with very high or very low values relative to the others within the space have a minimal effect on the median.

The median home value in the Salt Lake City metro space is $386https://www.caballoblanco.info845. According to the Utah Association of Realtors®https://www.caballoblanco.info 12 months-to-date closed sales through May in Salt Lake County have been down 11{bc1d9a0495bb0417846b433d998b6ea7c691e8c6ce676c0773060e7c0c176ad6} compared to the same period in 2019.

“This could be just a short-term downturnhttps://www.caballoblanco.info and New York City will rebound like it has so many occasions earlier thanhttps://www.caballoblanco.info” he stated. “But this flattening of costshttps://www.caballoblanco.info given the performance of different housing markets around the countryhttps://www.caballoblanco.info is a serious surprise and definitely bears watching.”

Median gross sales price means half the homes sold through the month …