Many experts agree that the housing market won’t be slowing down anytime soon. One factor keeping the Utah housing market moving onward is the demand for housing. The need for houses remains high while the inventory is low. With Utah being a great place to live and find a job, many people are moving in, and few people are moving out. Utah home builders are working to keep up with the demand.
Realtors predict that more sellers with new home financing will enter the market in 2022. However, with many buyers still on the hunt, there will remain a demand for new homes in Utah. Because of this, the average home price is predicted to rise throughout the year.