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Utah real sales transaction 2025

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The document is a Real Estate Sales/Leasing Transaction Log from the State of Utah's Department of Commerce, Division of Real Estate. It outlines a structured format for recording details of real estate transactions, including broker information, seller and buyer names, property address, transaction price, closing date, and points earned. The document requires signatures from the agent and broker to verify the accuracy of the recorded transactions.

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What is the trend in real estate in Utah?

The Utah housing market isnt that competitive. The median home sales price in January 2025 has increased in the past 3 months to $566,800. Thats up 7.9% and $41,300 higher than January 2024 of last year. That is higher than the national median home sales price of $437,923.

What is the outlook for Utah real estate in 2025?

Utah, a traditionally strong market, is expected to see similar growth, with median sales prices of all housing types increasing from $505,000 in 2024 to $520,000 in 2025. This moderation in price appreciation provides some relief to buyers, particularly those grappling with affordability challenges.

Where is real estate dropping the fastest?

Below are the 11 big cities with the largest price drops. San Francisco. San Francisco, California. Miami. Miami, Florida. Austin. Austin, Texas. Kansas City, Missouri. Kansas City, Missouri. Tampa. Tampa, Florida. Jacksonville, Florida. Jacksonville, Florida. Denver. Denver, Colorado. Phoenix.

What is the real estate trend in Utah?

Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.7%, making the average house payment $3,668, which is $175 higher than a year before. Total months of housing supply available for sale is 4.6 months, up 24.3% from 3.7 month(s) in January 2024.

What is the real estate transaction?

A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller(s) and the other being the buyer(s).

utah transaction

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Is Utah in a housing crisis?

More than 2/3 of about 600 Utah adults surveyed at the end of last year agreed the state is in a major housing crisis or at least facing serious challenges.

What is a Utah real estate purchase contract?

A Real Estate Purchase Contract, or REPC, is a very standard form contract used by most realtors that includes the basic language necessary for a buyer or seller to make an offer and the other party to accept or counter that offer.

What does the Utah real estate Commission do?

Within the division, the Real Estate Commission is a group comprised of four experienced licensed agents or brokers and one member of the general public selected by the governor of Utah. This group assists with making laws, changing regulations, and giving expert information to the Division of Real Estate.

Utah real sales transaction 2025

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