Market Update

Average Home Values

Salt Lake City $247,900
Sandy $266,800
Draper $364,500

Average Mortgage Rates

30-year Fixed 3.34%
15-year Fixed 2.55%
5/1ARM 2.32%

Shelly’s Utah Real Estate Market Opinion

“With interest rates at historical lows and shrinking supply of homes available, we are seeing home prices rise and the time a property is on the market reduced”.

“It is a great time for both buyers and sellers and I am certainly seeing that with lots of action for my clients”.