Utah Market Updates!
State Wide Active Listings have trended up 10% since last month.
- Salt Lake County Active Listings rose from 1909 active homes for sale in Salt Lake County to 2157 active homes for sale.
- Utah County Homes for sale – 1777 homes for sale in Utah County. As of May 30th inventory numbers have risen 11% from April. April was up 7% from March. Active inventories of homes for sale in Utah County are averaging 1777 homes for sale in Utah County
- Davis County Homes for sale – 548 Active for sale homes. As of June one inventories ares up 18% from the previous month of only 5%
- Wasatch County Home for Sale – As of June is 323 homes for sale. Up 14% from Last month.
Forecast Signals Confident Buyers, Steady Prices by Late-2025
Slide 1 Total home sales in 2025 are forecast at 4.74 million units. Slide 2 Mortgage rates expected to finish 2025 at 6.5%, dipping to 6.1% by 2026. Slide 3 Forecast revisions are modest, keeping housing sales stable despite economic uncertainties. Slide 4 Fannie Mae...
Multifamily Housing Starts Surge 21% in Q2 2025
Multifamily housing starts reached 109K units in Q2 2025, with 102,000 built-for-rent, ↑ 21% yearly. Rental units made up 94% of multifamily starts, far above the long-term avg of 80% and the historical low of 47% during the 2005 condo boom. Condo construction starts...
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