Utahns are on the Move
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According to 2019 U.S. Census Bureau data, almost one in every six Utahns either moved into, out of or somewhere new within the state in 2019. 

  • The most in-migration by a landslide was from Califorina (17,821), then Nevada (10,529), Colorado (7,856), Idaho (6,752) and Arizona (6,031).
  • The top destinations for departing Utahns were Texas (10,072), Arizona (8,917) and Idaho (7,371).
  • Over a half-million Utah residents moved: 389,000 within the state, 96,000 from another state and 16,000 came from abroad.
  • Utah has continued to be a desirable location for younger people. The state's average age is the lowest in the country: 30.7.

What have we seen in 2020?

  • This year, Utah has seen an influx of new buyers as the pandemic-triggered urban exodus continues around the country.
  • The greater Wasatch Front market experienced a remarkable 13% increase in the total number of transactions that closed in the third quarter this year with inventory averaging 50% less than in Q3 of 2019.
  • The greater Park City real estate market experienced a remarkable 85% increase in the total number of transactions that closed in Q3 this year.

Dive deeper with some of our pieces:

Whatever the future holds for you and your family, whether its relocating to another state or moving within, don't hesitate to reach out to a Berkshire Hathaway HomeServices Utah Properties professional.

 

Posted by Berkshire Hathaway HomeServices Utah Properties on
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