According to data from UtahRealEstate.com, prices for houses in Utah are continuing to soar across the state, shattering old records and making it even more difficult for buyers to find a home.The data says the statewide median sold price for all housing types in April was $426,250, an increase of 26.9 percent from last April. For single-family detached homes, the median sold price was $471,000, an increase of nearly 30 percent.
Senior research fellow with the Kem C. Gardner Policy Institute Dejan Eskic said he “had to do a double take” to make sure he didn’t make a mistake, according to KUTV. Eskic expects home prices to keep going up and he said increasing the housing supply in Utah is crucial.
