Why Do Home Prices Keep Climbing?

Updated: May 10

Here’s a look at what you can expect from the SLC housing market this year.

The two most common questions we're hearing these days are, “Why do home prices keep climbing?” and, “Why isn’t the supply catching up to demand?” Although people are pretty in tune with the market and how it’s been progressing over the last few years, we forget that there are different factors that cause supply and demand to fluctuate. There are a lot of microeconomic and macroeconomic factors to consider.

Feel free to watch the full video or use these timestamps to browse specific topics at your leisure:

0:00 — Introduction

1:15 — Info about our Facebook live event that explores this topic further

1:42 — A chart that shows how home values in Salt Lake County have changed over the years

2:38 — Examining the number of listings and how that plays a role in price appreciation

3:33 — The role that sales numbers play in determining the market’s health

4:05 — Why you can’t just look at one of these charts and come to a conclusion

5:35 — The future of supply and demand in Salt Lake County

6:50 — Final thoughts

Our market is still competitive, but we are starting to see a bit more breathing room. If you have questions or need help navigating this tough market, call or email me. I would love to help you.

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