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Home and property values are falling nationwide, but not in high-demand Utah.
Urban Living
Research from Zillow was released last month, and the report wasn’t great. According to the company, 53% of homes in this country lost value during the past year, the most since after the Great Recession. This data comes from their “Zestimate” feature, which is notoriously inaccurate.
Don’t panic, though; property values have gone up in Utah. The median sales price for a home in Utah in October was between $529,000 and $578,600—up 3.7% to 4.7% over the same period last year (depending on the source).
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