Why TheseE Utah Homes Are Dropping in Price Fast

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If you've been scrolling Zillow lately and thinking, wait, didn't that house cost thirty grand more last week? You're not imagining it.

Right now, more than half of the homes for sale across the Salt Lake metro are showing a price cut. More than half. We also have more homes for sale here than at any point in the last ten years, and mortgage rates just pushed back over seven percent.

But this is where it gets weird. The homes that are actually closing? Prices are basically flat from a year ago. So which homes are the ones falling? And why those?

There's a lot of information out there about the Utah housing market right now, and honestly, some of it is confusing. One headline says Utah is about to crash. The next one says Salt Lake is one of the hottest markets in the country. So I put this together to make it easier.
I'm going to show you the exact types of Utah homes that are dropping in price fast, why each one is getting hit, and whether that drop is an opportunity or a warning. And the last one on the list is the one I'd honestly lose sleep over if I were buying right now. It's about what's behind the walls. Coming to you from the top real estate agent in Utah, Scott Steele, the best realtor in Utah for new construction, buying & selling and listing homes for sale in Utah and a Utah real estate expert.


https://calendly.com/meetscott/30min
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