June Market Update
📊 May 2026 Utah Housing Market – Quick Summary
Key Stats
- Median Days on Market: 32 days ⏱️
⬇️ Down 5.88% from last month, meaning homes are selling faster. - Homes Sold: 3,566 🏡
⬇️ Down 6.67% from last year.- 2,672 Single-Family Homes
- 894 Condos/Townhomes
- Median Price Per Sq. Ft.: $236.98
💰 Median Sold Prices
- Single-Family Homes: $584,900
⬆️ Up 1.39% from last May - Condos/Townhomes: $410,000
⬆️ Up 2.50% from last May
📦 Inventory
- 2026 Listings Entered: 5,851
- 2025 Listings Entered: 6,151
➡️ New listings are down about 4.9% compared to last year.
🧠 What This Means
🔥 Homes Are Selling Faster
The median days on market dropped to just 32 days, showing that well-priced homes are still attracting buyers quickly despite higher interest rates.
📉 Fewer Homes Are Selling
While homes are moving faster, total sales are down nearly 7% year-over-year, suggesting that affordability challenges and interest rates may still be limiting some buyers.
💰 Prices Continue to Rise
Both single-family homes and condos/townhomes posted year-over-year price gains. This indicates that demand remains strong enough to support appreciation even with fewer overall transactions.
📦 Inventory Is Tightening
Fewer new listings entered the market compared to last year, which could help support home values by keeping supply constrained.
🔑 Bottom Line
Utah's housing market continues to balance out, with active inventory rising nearly 6% year-over-year while homes still sold in just 32 days on average. Even with fewer total sales, steady price appreciation and strong buyer activity suggest the market remains healthy and competitive heading into summer.
