Wasatch Front Quarterly Market Reports 2017 Q2 Wasatch Front Market Report | Page 2

Q2 201 7 WEBER COUNTY WASATCH FRONT REAL ESTATE OVERVIEW ABOUT THIS REPORT DAVIS COUNTY This comprehensive midyear market report provides an overview of Wasatch Front real estate. We believe our clients should have access to information that facilitates thoughtful real estate decisions. The Wasatch Front market remains strong with highly segmented areas. The city, its neighborhoods, and outlying areas differ significantly in terms of price, home type, features, and amenities. These statistics cover entire counties and are general in nature. Each specific price range, area, and neighborhood can vary significantly from the county statistics. Our predictions: As strong demand and low inventory levels persist, we expect appreciation to continue, SALT LAKE COUNTY sales to remain strong, and healthy development activity across all sectors of the Wasatch Front. While we anticipate mortgage rates will continue to rise mildly, we expect increased buyer activity, especially at or below median price ranges. Overall, current home prices have exceeded pre-recession levels; inventory remains low, and the market will continue to be extremely competitive amongst first time home buyers. With strong regional economy on the Wasatch Front, we see no sign of a market downturn in the foreseeable future. Data interpretation, judgment, and historical context are key elements to making informed decisions: Contact your Berkshire Hathaway Utah Properties agent for guidance on navigating the market. UTAH COUNTY Stephen C. Roney Chairman, CEO & Owner Berkshire Hathaway HomeServices Utah Properties For all data, we have used a median sales price and an average sales price. The median is the middle point of all prices—half the sales are less than the median and half the sales are more. The average is all the property prices added together and then divided by the number of properties. The difference between the median and the average is that the median is not as affected by outlying very large or very small sale numbers, whereas the average can be skewed significantly by one very high or very low-priced property. We feel it’s important to use both the median and the average in order to give a holistic view of the market. Q2 17 All statistics are based upon Wasatch Front Regional MLS data for the period of 4/1/17 to 6/30/17. © 2017 BHH Affiliates, LLC. An independentwperated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed.