Cottonwood Heights real estate values dropping fast

Sellers expecting multiple offers with 24 hours of listings have been disappointed and are now often dropping their asking price.

The overheated real estate market from the past couple of years is cooling down nationwide, and Cottonwood Heights with its arguably inflated values is started to slow down as well.

Graph of the median sale price in Cottonwood Heights, UT

Currently Zillow shows 49 single family homes for sale in Cottonwood Heights. Over 60% of those homes that have been on the market more than one week have already dropped the price.

 

 

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