# March 2022 vs. March 2023

**Published by:** [Play Your Game with Alan Walker](https://paragraph.com/@alanwalker/)
**Published on:** 2023-04-03
**URL:** https://paragraph.com/@alanwalker/march-2022-vs-march-2023

## Content

We saw a decline in median home price for single family homes in Salt Lake County of 9% year over year for March. The last half of last year, we saw a decrease of 11.7%, so we've rebounded from the bottom at $561,000 in December of last year. Maybe in June, when there's no more snow, we'll see inventory increase and prices going up. The Fed wanted to slow inflation/appreciation by raising rates, and they have definitely done that. We've been Jerome Powelled into a decline. However, prices are slowly rising because our inventory is low and we still have lots of buyers willing to get a 7% mortgage rate. The only way we know when we've hit the bottom, like last December, is after we've started to rise.

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