Top Mega Teams in Utah – Ranked by Sides
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|Rank – State Sides||Team Name||Company||Location||Sides||Profile|
|1||The Stern Team||Keller Williams Salt Lake City||Salt Lake City, UT||392.7||View Profile|
|2||Elite Team||CENTURY 21 Everest||Cottonwood Heights, UT||352.1||View Profile|
|3||Ames Team||RE/MAX Associates||St George, UT||340.0||View Profile|
|4||Red Sign Team||KW Westfield Keller Williams Real Estate||Orem, UT||255.7||View Profile|
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.
Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. On Monday, plaintiffs in the Sitzer/Burnett suit filed an unopposed motion for dismissal of the state law claims pled in their third amended complaint. Stephen R. Bough, a U.S. District Court Judge in Kansas City, issued a […]
Frequently Asked Questions
How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
View the full Rankings FAQ page here.
A U.S. District Court judge in Utah rules in favor of the FTC, fining real estate investment training firm Response Marketing $15 million.