SANDY, Utah – The number of homes on the market—known as inventory—has plummeted by 72% so far this month for a large portion of Utah when compared to April of last year, according to the Utah Association of Realtors.
“I’ve worked here since 2004 and never have I seen a market like this,” said Deanna Devey, the association’s director of communications and operations.
The average number of active residential listings per day is at 2,172 so far this April, according to preliminary data compiled by Devey for KSL-TV from the Wasatch Front Regional Multiple Listing Service and UtahRealEstate.com.
Compare that to April of 2019, when the listing service averaged 8,477 homes for sale and April of 2020 the service average 7,839 homes on the market.
The most recent finalized statewide housing inventory report is for February, which showed 64% fewer homes on…