The real estate market is ‘very, very volatile’

Utah real estate is a “very volatile” market, according to a recent analysis from NERA Real Estate, which is the primary research arm of NERA Property Advisors, which represents thousands of buyers and sellers nationwide.

The market is in flux, and a few factors could be driving that instability.

First, the market is getting more expensive, NERA says.

For example, prices for homes sold in the first quarter of 2018 were about $2,000 more than in the same quarter a year earlier.

That’s a lot of money for a home.

Second, NERC is reporting that Utah is seeing the highest number of sales of any state in the country.

The state’s median sale price in the third quarter was $1,931, according the NERC report.

That would mean about a 20% increase in the price of a single-family home since the third-quarter of 2018.

And that’s before we factor in the $1.4 billion that NERC says was added to the market.

And third, the average selling price for new homes in the state jumped 12% in the last three months of 2018, NERA’s Tom Hahn wrote.

That’s partly because more buyers are now looking to buy homes that are priced more than $1 million, Hahn said.

And that’s driving up the median sale prices for new home sales, he said.

“We expect this to continue over the next few months,” Hahn told Business Insider.

Hahn said that there’s an “overwhelming” number of buyers seeking a single family home in Utah, which means they’re willing to pay a premium for the opportunity to buy in the market and “they’re also willing to spend more to get there.”

And, he added, that’s a sign that the market may be heading into a correction.

“The next few years will tell,” Hainn said.

“If this continues to go on, it could push prices further down the road and further drive down the affordability of homes in Utah.”