As we move deeper into the summer season, Utah’s housing market is showing signs of strength, resilience, and growing opportunity.
Here’s what stood out in May 2025:
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Inventory is Up: There are now 15,388 homes on the market, a 30.3% increase compared to last year. Buyers have more options than ever.
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New Listings Grew by 4.6%, giving fresh energy to the market and making it a great time for buyers to explore.
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Median Sales Price held steady at $510,000, up slightly from last year—signaling a balanced market where prices remain strong without rapid spikes.
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Average Sales Price saw a notable 4.5% increase, climbing to $661,760—reflecting continued demand for higher-end and move-in-ready homes.
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Months Supply of Inventory jumped to 4.4 months, a 25.7% increase, showing more breathing room for buyers compared to the fast-paced market of previous years.
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Homes are sitting slightly longer on the market, with an average of 57 days until sale, up 16.3% from May 2024.
What does this mean for you?
For buyers, more inventory and steady pricing mean better selection and less pressure. For sellers, it’s still a solid time to list, especially if your home is updated and priced right.
With new opportunities emerging, now’s the perfect time to talk strategy—whether you’re looking to buy, sell, or invest.
Need expert guidance?
Reach out to our team at MTN Buff. We’ll help you navigate this evolving market with confidence and clarity.
Visit us at www.mtnbuff.com or call 385-600-6005 to connect.
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