Is now a good time to buy land in the Utah area?
the Utah area is currently a strong buyer's market with 60.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
We're showing Utah County statistics below to give you a broader market picture. As more transactions occur in Garrison, Utah, we'll update with specific local data.
View nearby areas with more activity:
60.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Garrison, Utah | ||||||
the Utah area is currently a strong buyer's market with 60.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Utah area currently has 60.1 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in the Utah area is 1.7%. The 12-month rate is 1.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, the Utah area saw 995 properties sold. In just the last 3 months, 218 properties changed hands.
There are currently 4,365 active listings in the Utah area. 1,122 new listings have hit the market in the last 90 days. The median asking price is $280K.
The current absorption rate in the Utah area is 1.7% (3-month basis), indicating slow demand. The top-performing broker in this market is ERA Realty Center.
Land in the Utah area typically sells within 142 days of listing. The median time on market is 66 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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