Top Mega Teams in Utah – Ranked by Sides

Download the Rankings

Rank – State SidesTeam NameCompanyLocationSidesProfile
1The Perry GroupThe Perry GroupSalt Lake City, UT 767.0View Profile
2Utah Life Real Estate GroupUtah Life Real Estate GroupFarmington, UT 728.0View Profile
3The Stern TeamKeller WilliamsSalt Lake City, UT 274.9View Profile
4Red Sign TeamKeller WilliamsOrem, UT 255.3View Profile

Download the Rankings

2023 Utah Housing Market Summary

Utah started 2023 with a total of 6,447 single-family homes on the market, with a median home price of $620,400 and an average price per square foot of $294. By the end of the year, inventory had decreased to 6,085 homes on the market (-5%), with a median home price of $650,000 (+4%) and an average price per square foot of $311 (+5%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had remained the same at 77 days.

Utah started the year with 42% 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 37% of Utah homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Utah started 2023 as a seller’s market, with an MAI score of 42; by the end of the year, the MAI had dropped to 37 – a slight seller’s advantage.

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

Real Estate News

Opinion: How real estate will come back stronger 

Oct 14, 2024By

The latest tumult in real estate feels like our world has been turned upside down yet again. But underneath all the frenzy, I see a genuine opportunity for us to turn this into a positive and come back even stronger than before. I often think of the term “Anti-fragile” from the book of the same name by Nassim Taleb. The principle is that people and organizations can build their success around being able to come back even stronger after a wallop, instead of just withstanding the impact. This is real estate’s moment to become even more anti-fragile.

Frequently Asked Questions