Utah’s housing market is ‘stabilizing.’ What that means — and why high prices are our new normal

For the first time in about two years, Utah has actually seen a small dip to its median home price. In June, it dipped to $530,000, down ever so slightly from $535,050 in May. Meanwhile, sales are slowing dramatically. From April to June, single-family homes in counties across the Wasatch Front dropped 10%, down to…