BYU IAC Networking Event Quiz
BYU IAC Networking Event Quiz
Test your knowledge about the current state of the housing market along the Wasatch Front! This quiz covers key statistics and trends affecting home buying and selling in Utah County.
- Discover essential facts about market dynamics.
- Learn how the market has changed over the past year.
- See if you can answer all 10 questions correctly!
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%
20
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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