BYU IAC Networking Event Quiz

As of September 20, 2021, the average days on the market for a home in Utah County is:

7 Days

12 Days

17 Days

22 Days

27 Days

The average price of a single-family home in September 2021 along the Wasatch Front is

Approx. $350,000

Approx. $400,000

Approx. $450,000

Approx. $500,000

There are MORE homes for sale NOW along the Wasatch Front than One Year Ago

True

False

Currently there are _________ more single-family homes listed for sale along the Wasatch Front than there was on January 1, 2021

Approx. 3,000

Approx. 3,250

Approx. 3,500

Approx. 3,750

Approx. 4,000

In a "stable" sales market, the estimated months worth of inventory available on the market is generally 6 months. Currently how many months of inventory are in the Wasatch Front?

Approx. 1 Month

Approx. 2 Months

Approx. 3 Months

Approx. 4 Months

Approx. 5 Months

The average median SOLD price of single family homes along the Wasatch Front has raised ______ % from mid-year 2020 to mid-year 2021

10%

15%

20%

25%

30%

35%

Approximately _________ % of all new residential listings that are officially listed are sold.

15%

The current mortgage rate as of 9/22 is above 3% for a 30-year fixed rate mortgage

True

False

Evictions are higher in Utah in 2021 than they were in 2020 due to the eviction moritorium ending

True

False

The vacancy rate for apartments along the Wasatch Front is the lowest it has been in 20 years

True

False

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