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30-YR FIXED: 6.870% 15-YR FIXED: 6.120% FHA: 6.450% PRIME: 7.500% UTAH MEDIAN: $557K 30-YR FIXED: 6.870% 15-YR FIXED: 6.120% FHA: 6.450% PRIME: 7.500% UTAH MEDIAN: $557K
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Utah median home price: $557,700 ▲2.2% YoY Salt Lake County inventory up 7.7% this month Fed holds rates steady — buyers gaining leverage West Jordan homes avg 68 days on market FHA loans surging among Utah first-time buyers Draper luxury market sees 12% price increase Utah population growth driving housing demand Utah median home price: $557,700 ▲2.2% YoY Salt Lake County inventory up 7.7% this month Fed holds rates steady — buyers gaining leverage West Jordan homes avg 68 days on market FHA loans surging among Utah first-time buyers Draper luxury market sees 12% price increase Utah population growth driving housing demand
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Utah Market

Is now a good time to buy a home in Utah?

GB
Answered by Gurpreet Bhatti
Utah REALTOR® · USMC Veteran · UT Lic# 12907042-SA00

Utah's population growth consistently outpaces housing supply. Long-term, buying in Utah has proven to build wealth — prices have appreciated an average of 4–6% annually over the past decade. Short-term timing depends on your personal financial readiness, not market predictions. If you're financially ready, waiting typically costs more than buying.

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