Utah housing prices stable but still ‘severely unaffordable’ in major counties

SALT LAKE CITY — The “State of the State’s Housing Market” report was released Tuesday by the Kem C. Gardner Policy Institute at the University of Utah, and it has some good and bad news.

The good news: Housing prices have remained stable for the past two years, increasing only 1% since 2022.

The bad news: Utah remains the ninth most expensive housing market in the nation. The median sales price of a single-family home is $547,700…

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