May Market Update

by Joe Pierson

Home

๐Ÿ“Š April 2026 Market Overview

๐Ÿ  Homes Sold

  • 3,566 homes sold, which is up 4.79% from April 2025
    • 2,615 single-family homes
    • 951 condos/townhomes

โžก๏ธ Buyer activity strengthened compared to last year, showing a healthy and active spring market.


โณ Median Days on Market

  • 34 median days on market
  • Down 17.07% from last month

โžก๏ธ Homes are selling significantly faster than in March, indicating:

  • Stronger buyer demand
  • Competitive spring conditions
  • Well-priced homes moving quickly

๐Ÿ’ฐ Pricing Trends

  • Median price per sq. ft.: $237.75

Single-Family Homes

  • Median sold price: $575,000
  • Up 0.45% from last April

โžก๏ธ Single-family home values continue showing modest appreciation and stability.

Condos / Townhomes

  • Median sold price: $410,000
  • Down 1.20% from last April

โžก๏ธ Condo and townhome pricing softened slightly year-over-year, though values remain relatively stable overall.


๐Ÿ“ฆ Residential Inventory

  • 6,284 listings entered in 2026
  • Compared to 6,029 listings in 2025

โžก๏ธ Inventory increased approximately 4.23% year-over-year, meaning:

  • Buyers have more options
  • Sellers face slightly more competition
  • The market remains balanced despite strong demand

๐Ÿ” Key Takeaways

๐ŸŸข For Buyers

  • More inventory provides better selection
  • Homes are moving quickly again, so buyers still need to act decisively on strong properties

๐Ÿ”ด For Sellers

  • Faster market times and increased sales activity make this a favorable time to sell
  • Proper pricing remains critical with rising inventory levels

๐Ÿ“ˆ For Investors

  • Single-family homes continue steady appreciation
  • Condo pricing softness may present value opportunities

๐Ÿ“Œ Bottom Line

April 2026 reflects a strong spring housing market:

  • Sales activity is increasing
  • Homes are selling faster
  • Inventory is growing steadily
  • Single-family prices continue modest appreciation

โžก๏ธ Overall, the market remains healthy, active, and slightly seller-favored, especially in the single-family segment.

Joe Pierson

+1(801) 400-2870

joe@joepiersongroup.com

731 E 2200 N, Lehi, UT, 84043

GET MORE INFORMATION

Name
Phone*
Message