Utah Housing Market Predictions 2023

Utah Housing Market Predictions 2023Difference Since Last Month -$ 29,666 ( -4. From April 2022 through April 2023, the. 9% compared to last year, selling for a median. Lawrence Yun, chief economist at NAR, for example, thinks the 30-year mortgage rate will end 2023 at around 5. Record h BIG UTAH Real Estate Update - Do NOT Buy a Home in Utah Until you watch this video. Housing Market Predictions for the Next 5 Years Promise Lots ">Housing Market Predictions for the Next 5 Years Promise Lots. Saint George, UT has 289 homes on the market. Home prices are forecast to peak at $366,000 by June 2023 – well below the record-breaking annual median sale price peak of $410,000 set in April, May and June 2022. Eskic, however, is predicting Utah home prices will drop 9% year over year in 2023. Peak-to-trough, with the peak being May 2022 , he expects prices to decline by a percentage somewhere in the. NWAOR: 5 questions about Utah’s housing market. Utah will see minor “year-over. (KUTV) More realistically, he expects prices will keep growing while the rate of growth will slow, probably around 2023, he said. The National Association of Realtors™ forecasts home prices in 2023, will rise 5. Right now, Utah's housing market favors owners looking to upgrade, not first-timers. We expect 30-year fixed mortgage rates to gradually decline to around 5. However, the forecast for March 31, 2024, shows a potential increase of 2. 7 percent increase to $831,460 in 2022. 8% in home values, which could indicate a positive trend for the housing market in Logan. That’s why rents and home prices are expected to continue to rise in 2022, fueling more inflation. As of May 11, 2023, the average one-year price target for Macy`s is 23. Mortgage rates as of November 10 th, 2022: 7. Market shift under way as mild recession and higher interest rates cut into housing demand. Record home Sales in the first. housing slump is here to stay. 0%, outpacing… May 16, 2023 Nationally, in 2019 &. 2 percent from 2022’s projected pace of 359,220. “I think the peak has already occurred and we are on a downward path,” said Yun, during the Real Estate Forecast Summit. Right now, Utah’s housing market favors owners looking to upgrade, not first-timers. com%2fblog%2fsalt-lake-city-real-estate%2f/RK=2/RS=Ute1BhadAzvLD08cUvAgcn5PpiA-" referrerpolicy="origin" target="_blank">See full list on noradarealestate. Utah housing forecast: Market will remain hot, but price increases could slow by 2023 by Daniel Woodruff, KUTV Tuesday, July 13th 2021 5 VIEW ALL PHOTOS The newest housing forecast. While it’s quite possible for median home prices to fall another 5% in 2024 – or a total potential drop of about 10% from the end of 2022 – if. US housing slump is here to stay. 2% in 2023 and another 2. Utah home prices rose steadily through 2020, 2021, and for the first half of 2022- peaking in May 2022 at a little under $527,000 (26% growth from the previous year). 1% in home values by April 30, 2023, but no change by June 30, 2023. ">How does 2023 housing look for Utah? Not as good as 2024. 8 percent to $758,600 in 2023, following a projected 5. 2023 Our Utah real estate market data is updated quarterly to aid in your real estate forecasts. easily meeting last year’s forecasts for an aggressive rise to housing market temps in 2022. 8% yet will be lower than pre-pandemic 2019. 1% in 2023, registering an annual total of 4. Total available homes have increased by more than 46% year-over-year, and the months of supply are up to 2- not enough to create a balanced market, but better for the housing inventory overall. Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! 2023. Single-family construction starts rose for the second consecutive month, increasing 2. 6% in 2023 and. What is the housing market like right now? In March 2023, home prices in Utah were down 5. Months supply of inventory: 3 - up from 1 in September 2021. Earlier in 2021, Utah was considered as one of the hottest markets in the country, second only to Idaho. This is the MOST In-Depth UTAH Housing Market Forecast for 2023. Mortgage Bankers Association: The trade group's latest forecast has U. Eskic, however, is predicting Utah home prices will drop 9% year over year in 2023. There are significantly higher inventory levels in the Utah real estate market for 2023 than in recent years. 3%! Sales growth and price increases are expected in 2022. Sales growth is anticipated at 15. What is the housing market like right now? In March 2023, home prices in Utah were down 5. It's predicting U. Average housing price growth per year in Utah is around. We break down our data by county, but we cover major cities in this region including Salt Lake City, West Valley City, Provo, and West Jordan. The NAHB predicts a continued decline next year for single-family home construction, and Zillow also forecasts that more people next year may pool funds together to purchase a home with family or a friend who isn’t their spouse. Despite a temporary lull in early 2020, the market rebounded hotter than ever in 2021. Peak-to-trough, with the peak being May 2022, he expects prices to decline by a percentage somewhere in the teens,. "The downward revisions come as a result of. However, the forecast for March 31, 2024, shows a potential increase of 2. May 16, 2023 In the largest metropolitan areas in the country, the combined annual median list price growth rate for active listings was 7. Right now, Utah’s housing market favors owners looking to upgrade, not first-timers. Economists are predicting a slowdown in Utah's housing markets will stretch well into 2023, due largely to rising mortgage rates. Continued Growth in Home Prices. Given the roller-coaster ride inventory has been on lately, it’s important to keep historical context. (Forecast updated on April 17, 2023). 2 days ago · Utah’s Silicon Slopes Top US Cities Economic Growth Index Source: Milken Institute, 2021, 2022 data Among the top five metro regions, Nashville showed the biggest jump, climbing 21 places to No. --1-year Market Forecast. In a post published Monday, Capital Economics predicted the U. 2023 Our Utah real estate market data is updated quarterly to aid in your real estate forecasts. Realtor 2023 housing market forecast. Market shift under way as mild recession and higher interest rates cut into housing demand. Historical Utah real estate data and trends are included below the latest update. Our forecast predicts total inventory to grow by 4. Median home value in 2022: $555,014; Projected one-year growth rate: 20. Housing market predictions 2023: How far will Utah home prices fall. While at the beginning of the year, homebuyers could purchase a home at an interest rate of around 3%, currently borrowers are looking at more than 7%. Utah's Silicon Slopes — the region around the city of Provo that's home to a bevy of tech startups — is once again the top US metropolitan area as measured by the local economic scene. Q1 2023 Gardner Report Utah. Economists are predicting a slowdown in Utah's housing markets will stretch well into 2023, due largely to rising mortgage rates. 2% home value growth through August 2023, a downward revision from an earlier forecast of 2. Ogden, UT: Zillow predicts no change in home values by April 30, 2023, but a slight decrease of 0. Zillow’s Bold Predictions for 2023. Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Technology; What's Hot. 0 New numbers from the state of Utah shed light on Utah’s housing crisis. One of the most common predictions for the Utah housing market in 2023 is that home prices will continue to rise. 7% Percent of sales under list price (February 28, 2023). 25 min read Mar 29, 2023 Utah Real Estate Market: Will it Crash in 2023? The Utah housing market is amid a major shift. Key Market Stats for the Utah Housing Market According to September 2022 data, some of the key market stats for the Utah housing market appear as follows: Median home price: $533,500 – a 5. 987 Median sale to list ratio (February 28, 2023) 18. He’s predicting Utah home prices will drop 9% year over year in 2023. 5 Ways A Mastermind Group Will Improve Your Business. Utah Housing Market Forecast in 2023. Following is a year-end forecast for 2022 and some five-year predictions for the housing market, between 2023 and the end of 2027. home prices to fall not just in 2023 — by 4% — but in 2024 too — by another 5%. However, Nelson-Ogilvy sees housing prices cooling off a. BIG UTAH Real Estate Update - Do NOT Buy a Home in Utah Until you watch this video. 2 percent lower compared with the pace of 444,520 homes sold in 2021. Q1 2023 Gardner Report Utah. Growth Softens, but Prices Continue. By December, the median price is forecast to be $351,000, a 4% decline from $365,000 year-over-year. Mortgage rates dipping from around 6. But don’t expect rates to fall back to 3% either, he added. 8% over the past year and goes to pending in around 19 days. 2023 Our Utah real estate market data is updated quarterly to aid in your real estate forecasts. Sellers are reducing prices as homes stay on the market longer. Gardner Institute , Dejan Eskic, is more bearish, predicting Utah home prices will drop 9% year over year in 2023. Housing market predictions: In a research paper titled “Housing Downturn: Further to Fall,” published Tuesday for clients, Goldman Sachs economists predict even. 3 Dec 2, 2022,10:43am EST Listen to article Share to Facebook Share to Twitter Share to Linkedin | Getty Images Key takeaways Morgan Stanley has predicted a 10% drop in housing prices from June. Freddie Mac's Economic & Housing Research Group in its latest forecast to date has predicted mortgage rates dropping from an average of 6. The median sale price was up 5. 21 min read Apr 01, 2023 Real Estate Housing Market: Will the Housing Market Crash? The US real estate housing market is experiencing a major shift. So, what can we expect from the Utah housing market in 2023? Here are some predictions and trends to keep in mind: 1. Factors like the pandemic have fueled housing demand, and low home financing rates have ignited unprecedented competition among potential home buyers. 3% in home values, which could indicate a positive trend for the housing market in Ogden. What the housing market correction will do to home prices in 2023. 21 min read Apr 01, 2023 Real Estate Housing Market: Will the Housing Market Crash? The US real estate housing market is experiencing a major shift. After falling sharply in 2023, existing home sales are predicted to gradually rise and finish 2027 nearly 18% above 2022 levels. home prices will fall 7% by the end of 2023. Similarly, new home sales contracts will fall in 2023 as. These predictions assume a relatively shallow recession that stops and starts in 2023 and inflation that is under control by 2024, allowing mortgage rates to decline, which will boost home affordability. Goldman Sachs says home prices will fall in 2023 Today, Goldman Sachs released a paper entitled The Housing Downturn: Further to Fall and in it they forecast sharp drops in year in new home sales (down 22%), existing home sales (down 17%), and housing GDP (down 8. Utah is expected to continue its rapid growth and will need to see an increase in available housing to accommodate the incoming population. But Wood is more bullish than Eskic. According to September 2022 data, some of the key market stats for the Utah housing market appear as follows: Median home price: $533,500 – a 5. Key Market Stats for the Utah Housing Market According to September 2022 data, some of the key market stats for the Utah housing market appear as follows: Median home price: $533,500 – a 5. At the very least the market should stabilize, making it possible for households to budget and plan for housing decisions coming up in the months and years ahead. Most experts predict that home prices in Utah will continue to rise over the next few years. 8% from the previous year, when the median sale price was $558,200. Wood's research colleague at the Kem C. Here’s what he had to say: Will Utah have a. 81%; Real Estate 2023: 8 Costs Every Homebuyer Should Negotiate. Housing market is correcting — but Utah’s affordability crisis isn’t going away. According to a forecast by the University of Utah’s Kem C. Right now, the continued rise in both mortgage rates and home price have kept many out of the housing market. Eskic, however, is predicting Utah home prices will drop 9% year over year in 2023. After 2022’s sudden spike in mortgage rates and the subsequent slowing in the real estate market, many Utahns are wondering what they should expect for housing in 2023. As mortgage rates have topped 7% and stayed high with no real end in sight, that's led Morgan Stanley's housing researchers to. Peak-to-trough, with the peak being May 2022, he expects prices to decline by a percentage somewhere in the teens, depending on what happens with interest rates over coming months. The median home price in January 2022 was $350,300, as compared to $356,700 from August 2021, according to the National Association of Realtors. Median List Price By Bedroom Count Median List Price Compared To Nearby Cities How many homes are available in Saint George, UT?. Goldman Sachs says home prices will fall in 2023 Today, Goldman Sachs released a paper entitled The Housing Downturn: Further to Fall and in it they forecast sharp drops in year in new home sales (down 22%), existing home sales (down 17%), and housing GDP (down 8. Saint George, Utah Housing Market Report April 2023. Zillow is forecasting a slight 1. Heading into May 2023, Utah real estate sales have declined by 20-30% over the last year. The number of homes for sale in Saint George, UT increased by 41% between March 2023 and April. In 2023, the Mortgage Bankers Association and Fannie Mae forecast U. 990 Median sale to list ratio (March 31, 2023) 21. Utah housing forecast: Market will remain hot, but price ">Utah housing forecast: Market will remain hot, but price. Utah Housing Market Gets Hit By Rising Interest Rates Over 2023, the Federal Reserve has been battling sky-rocking inflation with their number one weapon, interest rates. Utah Housing Market Gets Hit By Rising Interest Rates Over 2023, the Federal Reserve has been battling sky-rocking inflation with their number one weapon, interest rates. Analyst Price Forecast Suggests 60. As mortgage rates are at record highs in 20 years by 7. Given the roller-coaster ride inventory has been on lately, it’s important to. As a result, home price growth is expected to continue slowing, dipping below its pre-pandemic average to 5. After 2022's sudden spike in mortgage rates and the subsequent slowing in the real estate market, many Utahns are wondering what they should expect for housing in 2023. According to the latest data, as of March 2023, the median sale price for a home in Utah overall is $525,900. Utah’s housing market might not be as red-hot as it was a year ago, but that doesn’t mean first-time buyers are having an easier time getting into a home. home prices, as measured by the Fannie Mae HPI, will fall 1. According to the latest data, as of March 2023, the median sale price for a home in Utah overall is $525,900. W6hBWdk9V4IYjRXNyoA;_ylu=Y29sbwNiZjEEcG9zAzIEdnRpZAMEc2VjA3Ny/RV=2/RE=1684502049/RO=10/RU=https%3a%2f%2fwww. He’s predicting Utah home prices will drop 9% year over year in 2023. 9% Top 10 Metros in Utah with the Fastest Growing Sales Price Pleasant Grove, UT 14. From the second quarter of 2020 to the second quarter of 2021, the average home price increased 28. Right now, Utah’s housing market favors owners looking to upgrade, not first-timers. Wood's research colleague at the Kem C. Zillow is forecasting a slight 1. (Forecast updated on April 17, 2023). Market shift under way as mild recession and higher interest rates cut into housing demand. (KUTV) More realistically, he expects prices will keep growing while the rate of growth will slow, probably around 2023, he said. housing market headed in 2023? Here are the ">Where is the housing market headed in 2023? Here are the. The report also notes that the number of homes for sale. home prices, as measured by the FHFA US House Price Index, falling 0. Housing Starts Forecast 2023 At the same time, there are positive signals in the homebuilding realm. com">2023 Housing Market Predictions and Forecast. Utah housing forecast: Market will remain hot, but price. In a post published Monday, Capital Economics predicted the U. Saint George, UT has 289 homes on the market. TL; DR – Housing Market Forecast for 2023 + The Next 5 Years The housing bubble has transformed the real estate market and home-buying process. Sell Your City When You Serve And Support Your Community. The report also notes that the number of homes for sale will continue to be low, putting upward pressure on prices. Heading into May 2023, Utah real estate sales have declined by 20-30%. He’s predicting Utah home prices will drop 9% year over year in 2023. 5% Y-O-Y as of September 2022, the number of homes sold dropped by 22. Mortgage Bankers Association: The trade group's latest forecast has U. Here are some factors driving the Utah housing market upwards. home prices will fall 7% by the end of 2023. Housing Market Predictions for the Next 5 Years Promise Lots of. 8% Utah Housing Supply. If KPMG's latest forecast is right, the U. Although the median sale price increased by 7. The worst-performing cities in the index include Jackson, Mississippi; Shreveport, Louisiana and Huntington, West Virginia. A downward trend began from there, and the average home prices fell to a low. According to September 2022 data, some of the key market stats for the Utah housing market appear as follows: Median home price: $533,500 - a 5. Mortgage Bankers Association: The trade group's latest forecast has U. Sales numbers show the median sales price of single-family homes in two major Wasatch Front counties is nearing another staggering marker: $600,000. Record home Sales in the first part of 2022 pushed home prices to a point of unsustainability. Even before COVID swept across the world, the Utah housing market was already out of reach for 63% of renter households. 2020 further increased that number to almost 73% as median home sales prices reached $380,000. Our forecast predicts total inventory to grow by 4. What does 2023 hold for the housing market nationally? Nobody has a crystal ball, but here are some predictions from The Residential Specialist Magazine: 2023 Will See a Return to a Slower, but Still Healthy Market- It will take a little longer to sell & there will be pricing adjustments, but home values should raise at…. Utah's ">Top US Cities on Milken Economic Growth Index Include Utah's. 2 percent next year to reach 333,450 units, down from the projected 2022 sales figure of 359,220. 8% in the fourth quarter of 2022 to 6. Redfin Issues First-Ever Corporate Sustainability Report. releases its 2023 California Housing Market Forecast. Utah Real Estate Market: Will it Crash in 2023?. The NAHB predicts a continued decline next year for single. 8% by the end of the year, with the average 2023 homebuyer’s rate sitting at about 6. Midwestern markets will heat up, and more friends and family members will pool their money to buy homes together in 2023, as people look for new ways to overcome the housing affordability crisis. Right now, the continued rise in both mortgage rates and home price have kept many out of the housing market. We anticipate that existing home sales will decline another 14. The worst-performing cities in the index include Jackson, Mississippi; Shreveport, Louisiana and Huntington, West Virginia. But again, that will depend on the regional market, she said recently on the Macro. What does that mean for ">US housing slump is here to stay. Utah housing forecast: Market will remain hot, but price increases could slow by 2023 by Daniel Woodruff, KUTV Tuesday, July 13th 2021 5 VIEW ALL PHOTOS The newest. If any of those three forecasts come to fruition, it would mean the U. From peak-to-trough, with the peak being May 2022, he expects prices to decline by a percentage somewhere in the mid to low teens, depending on what happens with interest rates over coming months. Utah Housing Market Predictions 2023 1. Top US Cities on Milken Economic Growth Index Include Utah's Provo. Utah Housing Market Forecast in 2023 Utah is expected to continue its rapid growth and will need to see an increase in available housing to accommodate the incoming population. housing market will see home price growth decline by 5% by mid-2023 — which will then be followed by a "gradual recovery" to. As higher mortgage rates cut into homebuyer purchasing power,. 14, 2023, 7:05 a. Wood, who has studied Utah’s housing market since the 1970s, gave his predictions about where the market is headed in 2023 and 2024. 2% and price is expected to increase 8. Housing market experts are expecting there to be a massive wave of first time home buyers for the next three years, with limited supply to meet demand. Heading into May 2023, Utah real estate sales have declined by 20-30% over the last year. Right now, Utah’s housing market favors owners looking to upgrade, not first-timers. Real Estate Housing Market Crash. Housing market predictions: Downturn could worsen in 2023. Utah's Housing Market Is Looking Iffy In 2023. As mortgage rates have topped 7% and stayed high with no real end in sight, that’s led Morgan. Utah's housing market might not be as red-hot as it was a year ago, but that doesn't mean first-time buyers are having an easier time getting into a home. One of the most common predictions for the Utah housing market in 2023 is that home prices will continue to rise. 2% in the fourth quarter of 2023. Goldman Sachs prediction: Home prices poised to fall 5% to 10% Goldman Sachs predicted in August the housing downturn would have "further to fall" in 2023, expecting home price growth to. Heading into May 2023, Utah real estate sales have declined by 20-30% over the last year. Real Estate Housing Market Predictions & Forecast 2023. According to the latest data, as of March 2023, the median sale price for a home in Utah overall is $525,900. 6% in 2023 and another 1. 8% would save a homebuyer purchasing a $400,000 home about $150 on their monthly mortgage payment. Zillow predicts that home values will increase by 3. Right now, Utah’s housing market favors owners looking …. Housing market predictions 2023: How far will Utah …. California’s median home price is forecast to decline 8. Housing Market Predictions for the Next 5 Years Promise Lots. This is the MOST In-Depth UTAH. Median List Price $609,333 $286/sqft Based on all homes listed in April 2023. 6% in 2023 and another 1. They believe inventory will increase by 22. What to watch for in the housing market in 2023. The median house cost most recently reported for Utah is $526,700- a slight dip year-over-year (-6%). 5% Percent of sales over list price (February 28, 2023) 61. Utah Key Takeaways Typical Home Values: $506,072 1-year Value Change: -1. Moody's Analytics expects a peak-to-trough U. The forecasts range from a low of 14. Goldman Sachs Maintains Macy's Buy Recommendation. 25+ Housing Market Predictions for the Next 5 Years. From peak-to-trough, he expects prices. After falling sharply in 2023, existing home sales are predicted to gradually rise and finish 2027 nearly 18% above 2022 levels. From peak-to-trough, with the peak being May 2022, he expects prices to decline by a percentage somewhere in the mid to low. Utah Housing Market Predictions 2023 1. The direction and pace at which home prices are changing are indicators of the strength of the housing market and…. Wood has a more optimistic outlook. Housing Market Predictions For 2023: When Will Home Prices Be. He's predicting Utah home prices will drop 9% year over year in 2023. Utah’s housing market might not be as red-hot as it was a year ago, but that doesn’t mean first-time buyers are having an easier time getting into a home. Home prices are forecast to peak at $366,000 by June 2023 – well below the record-breaking annual median sale price peak of $410,000 set in April, May and June 2022. Utah’s housing market favors owners looking to ">Right now, Utah’s housing market favors owners looking to. Existing, single-family home sales are forecast to total 333,450 units in 2023, a decline of 7. 9% compared to last year, selling for a median price…. Home Sales Increasing mortgage rates will surely have a major impact on home sales in 2023. Affordability will continue to be the driving force in the housing market in 2023, but there is a decent chance it will improve. Mortgage Interest Rates Experts predict that mortgage rates will continue to climb because of continued inflation, 2. Mar 2023 Growth % YoY Utah $526,800 -5. Economists are predicting a slowdown in Utah's housing markets will stretch well into 2023, due largely to rising mortgage rates. Housing Starts Forecast 2023 At the same time, there are positive signals in the homebuilding realm. housing market in 2023 would soon experience its sharpest home price decline since 2008, a year that saw national home prices plummet 11. And now, according to Zillow, the median home price is $331,533, with a predicted median of $390,546 by the end of 2023. The number of homes for sale in Saint George, UT increased by 41% between March 2023 and April 2023. Economists are predicting a slowdown in Utah's housing markets will stretch well into 2023, due largely to rising mortgage rates. The median list price of listings available in April 2023 was $609,333, while the average time on the real estate market was 81 days. Step inside the West’s ‘insane’ housing market In Salt Lake County, the median single-family home price climbed to $468,000 in the first quarter of 2021, up. 2 days ago · Utah’s Silicon Slopes — the region around the city of Provo that’s home to a bevy of tech startups — is once again the top US metropolitan area as measured by the local economic scene. housing market will see home price growth decline by 5% by mid-2023 — which will then be followed by a "gradual recovery" to. The Current State of the Utah Housing Market. Zelman's model predicts U. Market shift under way as mild recession and higher interest. As a result, home price growth is expected to continue slowing, dipping below its pre-pandemic average to 5. Redfin and Zillow predict rents will fall in 2023 and that builders will put new focus on rental properties. Months supply of inventory: 3 – up from 1 in September 2021. home price decline of 10% — or a 15% to 20% decline if a recession hits, Fortune reported. 's "2023 California Housing Market Forecast" sees a decline in existing single-family home sales of 7. This is the MOST In-Depth UTAH Housing Market Forecast for 2023. Utah Housing Market Forecast 2023: Predictions and Trends. The median house cost most recently reported for Utah is $526,700- a slight dip year-over-year (-6%). Fannie Mae: Economists at the firm predict that U. Buyers will be hard-pressed to find an interest rate under 6% right now. NAR’s 2023 Forecast. The housing market has gone through some significant swings since the start of the pandemic in 2020. The average Utah home value is $512,582, down 3. Capital Economics predicts 2023 will be the "worst year for sales since 2011," and expects house prices to drop 6% this year, which would result in a peak-to-trough drop of about 8% to 10%. There are significantly higher inventory levels in the Utah real estate market for 2023 than in recent years. Economists are predicting a slowdown in Utah's housing markets will stretch well into 2023, due largely to rising mortgage rates. 2023 Housing Market Outlook. Redfin and Zillow predict rents will fall in 2023 and that builders will put new focus on rental properties. Housing Market Forecast 2023 Home Prices Sales Report …. After 2022’s sudden spike in mortgage rates and the subsequent slowing in the real estate market, many Utahns are wondering what they should expect for housing in 2023. Gardner Policy Institute, home prices in Utah are expected to increase by 4. Utah Housing Market Predictions for 2023 1. 8% (Data through March 31, 2023) Market Overview -- 1-year Market Forecast 0. According to September 2022 data, some of the key market stats for the Utah housing market appear as follows: Median home price: $533,500 – a 5. Mortgage Bankers Association: The trade group's latest forecast has U. releases its 2023 California Housing Market Forecast. Single-family construction starts rose for the second consecutive. Existing, single-family home sales are forecast to total 333,450 units in 2023, a decline of 7. 6%) Key Takeaway The list price of homes in Saint George has decreased by 4. Home Price Predictions. 6% in September 2022 Y-O-Y, but the number of homes sold dropped 26. 4% during the year, while mortgage payments will grow 28%.