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2021-01-12
Salt Lake County Housing Forecast for 2021

Continued historically-low interest rates and a strong rebound from the pandemic suggest that 2021 could be another record-breaking year for the Salt Lake County real estate market. The total number of sales will reach 19,500, finally breaking the 19,000 barrier. Sales of single-family homes will be up nearly four percent to 14,000 units, and condominium/townhome units will set another record with 5,500 in sales, an increase of six percent.

Anecdotes from Realtors® and home builders indicate an increase in out of-state buyers due to growing opportunities for remote work. The size of this new market segment is unknown, but it could support higher levels of sales and put upward pressure on prices in 2021. In contrast, high home prices will exclude some potential buyers from the market. Affordability issues will temper price increases in 2021. Another year of a double-digit increase is unlikely. Expect the median sales price of a single-family home to increase by 6%-8% to $455,000, and the price of condominiums/ townhomes to increase by 9%-10% to $335,000.

Welcome to our Blog!
2021-01-12
Utah's Extraordinary Growth in Jobs and Population

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Salt Lake County’s Housing Shortage

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2020 Single-Family Home Prices up 11.8%

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Utah's 2021 Economic Forecast

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Outlook for Mortgage Rates

2021-01-12
Salt Lake County Housing Forecast for 2021

2020-01-29
Median Single Family Home Prices in Salt Lake County increase to $378,000 in 4th quarter 2019

2019-01-28
The Gamble of Overpricing Your'e Home

2017-10-30
Salt Lake County single-family home median price reaches $330,000

2017-08-28
Most Salt Lake County Homes Sell for Under $350,000

2017-08-07
Median Single Family Home Prices Reach $327,000 in Salt Lake County

2017-02-07
Is There a Housing Bubble?

2017-02-07
Predictions for 2017: Total Residential Home Sales

2017-01-31
Q 4 Housing Report

2016-02-11
2016 Forecast for Salt Lake area Housing Market

2016-01-25
Local Home Sales Data 4th Quarter 2015

2015-04-27
Mistakes people make when selling a home

2015-04-27
Save for down payment or buy a home now?

2015-04-27
Salt Lake Home Sales Climbed 16% in the First Quar

2015-02-06
Salt Lake County housing market positive for 2015

2015-01-15
FHA Mortgage Insurance Premiums Reduced by 0.50%

2014-02-05
Salt Lake Housing Prices Returning near 2007 Highs

2014-01-27
Salt Lake home sales in 2013 are highest on record

2013-10-31
Condo sales at a 7 year-high

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