Top Mega Teams in Utah – Ranked by Volume
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| Rank – State Volume | Team Name | Company | Location | Volume | Profile |
|---|---|---|---|---|---|
| 1 | The Perry Group | The Perry Group | Salt Lake City, UT | $440,226,333 | View Profile |
| 2 | Utah Life Real Estate Group | Utah Life Real Estate Group | Farmington, UT | $349,000,000 | View Profile |
| 3 | The Stern Team | Keller Williams | Salt Lake City, UT | $148,990,769 | View Profile |
| 4 | Red Sign Team | Keller Williams | Orem, UT | $129,803,323 | View Profile |
2023 Utah Housing Market Summary
Utah started 2023 with a total of 6,447 single-family homes on the market, with a median home price of $620,400 and an average price per square foot of $294. By the end of the year, inventory had decreased to 6,085 homes on the market (-5%), with a median home price of $650,000 (+4%) and an average price per square foot of $311 (+5%).
At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had remained the same at 77 days.
Utah started the year with 42% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 37% of Utah homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Utah started 2023 as a seller’s market, with an MAI score of 42; by the end of the year, the MAI had dropped to 37 – a slight seller’s advantage.
This market summary is powered by Altos Research – click here to run a free report for your area.
Housing Market News
Lower mortgage rates attracting more homebuyers
Sep 16, 2024An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
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Housing inventory falls as mortgage rates drop
Sep 01, 2024 -
Eight states now have more unsold inventory than in 2019. Here’s why.
Aug 30, 2024 -
Housing demand rises as inventory falls
Jan 28, 2024 -
Pending home sales surged in December: NAR
Jan 26, 2024 -
2023 New home sales helped the economy avoid a recession
Jan 25, 2024
Frequently Asked Questions
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How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
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How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
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What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
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What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
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Additional questions?
View the full Rankings FAQ page here.
