I hope this newsletter finds you well as we move into the spring season. Today, I wanted to share some interesting insights about domestic migration patterns that are affecting our housing market.

Table of Contents

• Domestic Migration Patterns

• What This Means for Utah

• Your Next Steps

Domestic Migration Patterns

Recent data shows that while Sun Belt states like Texas and Florida continue to attract new residents, the pace of domestic migration has slowed compared to what we saw during the Pandemic Housing Boom. This trend is worth watching as migration patterns directly impact housing demand and inventory levels across the country, including here in Utah.

Keep in mind, domestic migration shows where people are moving to and away from, but not overall population growth. We’ve covered population growth extensively in previous posts, one of which can be found here.

What This Means for Utah

As migration patterns shift, we're seeing changes in our local market dynamics. Utah County specifically, experienced a massive migration shift during 2021 with 13,510 net domestic migration. Since then, we’ve leveled out at 5,031 net migration for 2024, which is still higher than pre-pandemic levels. This means the demand for housing in Utah County is expected to continue to rise.

Net domestic migration for Salt Lake County was -1,404 in 2019 and has increased to -10,002 in 2024. While migration isn’t the only indicator of housing demand, this simply shows that while many people continue moving into Utah County, many people are also choosing to leave Salt Lake County.

For those of you considering selling in the coming months, understanding these migration trends can help you position your property effectively. For buyers, knowing where people are moving to and from can provide insights into future long-term price trajectories and neighborhood development.

Your Next Steps

Thinking of making a move? Now is an excellent time to evaluate your options. Whether you're considering selling your current home or looking to buy in a new area, I'd be happy to provide you with a personalized market analysis that takes these migration trends into account.

Simply reply to this email or call me directly to schedule an appointment.

Here to serve,

P.S. Do you know someone who might benefit from this information? Feel free to forward this newsletter to friends or family who are interested in Utah real estate. I'm always happy to help!