Utah Single Family Listings Hits 10-Year High

Logan 5-unit sells for $145k per unit; Jamie Dimon’s bond market warning puts investors on alert

Author

David Robinson
June 04, 2025

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Sold Multi-Unit Listings This Past Week

Utah Market Data

> Multi-Unit (2+ Units)

Sold Listings and Price Per Square Foot

Sold multi-unit listings is down 8% YTD going from 214 to 197. Meanwhile the median price per square foot for sold multi-unit listings is down 3.65% YTD going from $254 to $244.

Active Listings and Price Per Square Foot

Active multi-unit listings is up 18% compared to a year ago - going from 235 to 237 currently. Meanwhile the median price per square foot is down 3% going from $267 to $259.

> Single Family Homes

Sold Listings and Price Per Square Foot

The number of sold single-family listings is down 1% YTD going from 15,190 to 15,032. Meanwhile the median price per square foot for sold single-family listings is up 1.49% YTD going from $231 to $235.

Active Listings and Price Per Square Foot

Active single family listings is up 40% compared to a year ago - going from 8,701 to 12,168 currently. Meanwhile the median price per square foot is down 1.4% going from $251 to $247.

Rates & Financing

> Mortgage Rates as of 6/4/2025

Headlines & Insights

Utah Headlines

See where Utah ranks nationally as a place to find a starter home

Utah doesn't do well in new rankings of the nation's best places to buy a starter home.

www.ksl.com/article/51323780/see-where-utah-ranks-nationally-as-a-place-to-find-a-starter-home

Gov. Spencer Cox urges Utah cities to help build 35,000 starter homes by 2028

During Gov. Spencer Cox's

www.ksl.com/article/51321910/gov-spencer-cox-urges-utah-cities-to-help-build-35000-starter-homes-by-2028

National Headlines

Jamie Dimon’s bond-market warnings put investors on alert to diversify globally

JPMorgan Chase & Co.’s chief executive, Jamie Dimon, came out on Monday with another warning about the bond market that some observers said could prompt more investors to look around the world and at other asset classes for protection.

www.marketwatch.com/story/jamie-dimons-bond-market-warnings-put-investors-on-alert-to-diversify-outside-u-s-f8e4c924

The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall

At no other point on record have sellers outnumbered buyers this much. Home prices will likely fall as a result.

www.redfin.com/news/sellers-vs-buyers-price-impact

1 in 11 Millionaires Now Rents, Southern Metro Areas Become Hotspots for Luxury Living

Millionaire renters are on the rise across 100 of the largest hubs in the U.S., with new markets emerging as luxury hotspots.

www.rentcafe.com/blog/rental-market/market-snapshots/millionaire-renters-trends

May Occupancy Holds as Rent Recovery Falters

The U.S. apartment market saw occupancy hold steady and rent growth backtrack in May after an upward performance throughout the early months of 2025.

www.realpage.com/analytics/may-2025-data-update

HBGI Q1 2025: Multifamily Growth in Smaller Markets

Single-family construction growth slowed substantially across all markets in the first quarter of 2025, according to the Home Building Geography Index (HBGI). Multifamily construction growth remained negative in the largest markets but reported significant expansion in lower population density areas.

eyeonhousing.org/2025/06/hbgi-q1-2025-multifamily-growth-in-smaller-markets

Private sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says

The report comes two days before the more closely watched nonfarm payrolls count from the Bureau of Labor Statistics.

www.cnbc.com/2025/06/04/adp-jobs-report-may-2025-.html

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