Top Mega Teams in Utah – Ranked by Sides

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Rank – State SidesTeam NameCompanyLocationSidesProfile
1The Stern TeamKeller Williams Salt Lake CitySalt Lake City, UT 392.7View Profile
2Elite TeamCENTURY 21 EverestCottonwood Heights, UT 352.1View Profile
3Ames TeamRE/MAX AssociatesSt George, UT 340.0View Profile
4Red Sign TeamKW Westfield Keller Williams Real EstateOrem, UT 255.7View 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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