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‘We’re headed to California prices’ — Median Salt Lake County home costs $128K more this year

Median price tag climbed to $535,000 in May, up 31% from 12 months ago, as severe supply shortage and slumping sales take their toll on Utah’s would-be buyers.

(Francisco Kjolseth | The Salt Lake Tribune) A home for sale in Salt Lake City on Tuesday, April 27, 2021. Even with housing demand in Utah at historic highs, home sales along the Wasatch Front dropped earlier this year for a lack of supply. Prices, meanwhile, keep climbing for single-family homes as razor-thin supplies dampen sales and buyers go for more affordable alternatives such as condominiums and town homes.