Top Large Teams in Utah – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1The Larkin GroupKW St. George Keller Williams RealtySt George, UT 201.0View Profile
    2Wilde TeamKW Westfield Keller Williams Real EstateOrem, UT 163.1View Profile
    3View Utah Listings TeamCENTURY 21 EverestCottonwood Heights, UT 138.3View Profile
    4Josh Johnson TeamCENTURY 21 EverestCottonwood Heights, UT 108.8View Profile
    5MoJo Real Estate GroupColdwell Banker RealtySalt Lake City, UT 100.0View Profile
    6Peter Morkel Real Estate GroupKW Westfield Keller Williams Real EstateOrem, UT 95.5View Profile

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    2022 Market Summary

    Utah started 2022 with a total of 2,342 single-family homes on the market, with a median home price of $650,000 and an average price per square foot of $305. By the end of the year, inventory had increased to 6,727 homes on the market (+187%), with a median home price of $609,900 (-6%) and an average price per square foot of $288 (-5%).

    At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 84 days.

    Utah started the year with 20% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Utah homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Utah started 2022 as a strong seller’s market, with an MAI score of 54; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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