A report from the Salt Lake City Tribune in Utah. "Sales of single-family homes declined in all five counties along the Wasatch Front in early 2019 as prices continued a multiyear trend upward, though that rise in prices appears to be slowing significantly. 'It’s definitely not a sellers’ market, except in some price ranges,' said Scott Robbins, the board’ president. 'I’m not scared at all. The bubble is not bursting.'"

"'I suspect it’s an indication of market resistance to prices by buyers,' said James Wood, a senior economist at the University of Utah’s Gardner Policy Institute. 'Buyers are pulling back a bit.'"

"Separate numbers over the summer indicated a total of 3,725 new homes either under construction or poised to break ground across a seven-county region centered on Salt Lake County. That report, issued by Metrostudy, also revealed a 43% jump year over year in construction of attached homes for sale, including condominiums, duplexes, town homes and row houses."

"Utah’s rental markets may be seeing similar supply relief, Wood said. Thousands of new apartment complexes have opened in Salt Lake County in recent years as a flurry of projects approved between 2014 and 2016 are completed and open to customers. At least 5,000 dwellings are now under construction in the county for rent at market or luxury rates, Wood said."

"'We’re going to see how deep that market goes,' he said."

"The Wasatch Front’s three most expensive ZIP codes are now 84108 and 84103, which cover portions of Salt Lake City’s east bench and have an average median price of $657,000 and $592,000, respectively; and between them, 84004, which includes parts of Alpine in Utah County, at $627,500."