This is the absolute worst sector of the Utah County Real Estate market. Homes listed over $500,000 climbed up into 2007 as our economic crisis bloomed and went straight back down in 2008 and into 2009. Homeowners in this market have found themselves up against alot of short sales and foreclosures. In fact, 25% of the homes for sale right now are short sales. I think this sector will stabalize into 2012. Inventory is low and demand is still decent. The current problem is that banks are reluctant to loan money on jumbo loans. Click Here if you would like to see more current statistical information about the Utah County Real Estate Market.