Utah Housing Market Update: Rising Inventory, Lingering Affordability Challenges

As of June 30, Utah’s housing market has seen a significant shift—active home listings surged to 13,441, a 33% increase from the 10,138 available at the same time last year (UtahRealEstate.com). This marks the fourth consecutive year of rising inventory, signaling a potential turning point for buyers who have faced brutal competition in recent years.

Key Takeaways from the Latest Data

• Inventory is climbing – Utah’s active listings have grown steadily since 2020, offering buyers more options.

• National trends mirror Utah’s – The Wall Street Journal reports 500,000 more sellers than buyersnationwide.

• Affordability remains a hurdle – Despite more homes on the market, high prices and mortgage rates near 7% keep many buyers sidelined.

What This Means for You

✅ For Buyers: More choices mean less frenzy—but don’t expect steep price drops. Well-priced homes still sell quickly.
✅ For Sellers: Competition is increasing. Proper pricing and presentation are key to standing out.
✅ For Investors: Rising inventory could mean more opportunities, but financing costs remain a challenge.

The Bigger Picture: Affordability Still a Barrier

While inventory growth is welcome news, The Wall Street Journal notes a persistent gap:

“Home prices are still near record highs… The divide between what's on the market for sale and what buyers can afford is still pretty big.”

This means strategic decision-making is more important than ever—whether you're buying, selling, or investing.

Ready to Navigate the Market? Let’s Talk!

The Utah housing market is evolving, and having an expert guide can make all the difference. If you're considering a move, now is the time to plan your next steps.

📞 Contact me today for a personalized market analysis and strategy session. Together, we’ll help you make the most of this shifting landscape!

➡️ Call or text: 801-214-1436
➡️ Email: eschmitz.realestate@gmail.com

Data Sources: UtahRealEstate.com, The Wall Street Journal

Don’t miss your opportunity—reach out now and let’s get started! 🏡