High prices and low tourism is squeezing Utah’s neighbors in...
By Babs De Lay
Published on May 13, 2026.
High prices and low tourism are causing a slowdown in real estate markets in both Las Vegas and Denver. Las Vegas saw home sales fall by 8.5% last year and the market adjusted due to the national economy's impact on vacationing. Meanwhile, Denver has seen a decrease in home ownership costs, rising 22% since 2022, while wages only rose 6%. Utah's housing market is cooling towards a more balanced, buyer-friendly environment. However, there are still 16,000 to 17,000 homes for sale statewide, giving buyers more choices. Notices of defaults or foreclosures have risen, but are not close to the 2008 market crash. Utah's robust economy and diverse job market are contributing to this slowdown.
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