Salt Lake County Real Estate Market Update: May vs. June
As the summer market heats up, it’s important to take a close look at how the real estate landscape is shifting across Salt Lake County. Whether you're planning to buy, sell, or invest, understanding monthly trends can help you make informed decisions. Here's a side-by-side comparison of key stats from May and June 2025 for single-family homes:
Inventory and Sales Activity
-
Homes Available
-
May: 1,918
-
June: 2,039
-
What it means: Inventory grew slightly in June, giving buyers more options and possibly a bit more negotiating power.
-
-
Properties Sold
-
May: 786
-
June: 754
-
What it means: Despite more homes on the market in June, slightly fewer were sold compared to May — possibly signaling a slight cooling in buyer urgency or seasonal slowdown.
-
Volume and Pricing
-
Total Volume
-
May: $583,529,410
-
June: $562,551,432
-
What it means: The overall market volume dipped in June, likely due to the slight drop in transactions and some higher-end properties closing in May.
-
-
Average Sales Price
-
May: $742,403
-
June: $748,189
-
What it means: Average home prices continue to trend upward, even with fewer properties selling, indicating strong buyer demand for quality homes.
-
Days on Market
-
Average Days on Market
-
May: 39 days
-
June: 37 days
-
What it means: Homes are moving slightly faster in June, suggesting that well-priced and well-presented properties are still drawing strong interest.
-
Final Thoughts
June saw a modest increase in inventory and a slight dip in overall volume and sales — typical of early summer seasonal trends. However, rising average prices and fewer days on the market show that demand remains strong in Salt Lake County.
If you're considering making a move this season, now may be a great time to take advantage of increased inventory and favorable pricing trends.
Thinking about buying or selling? Reach out today to get a tailored strategy for your real estate goals.
