As we move further into spring, Salt Lake County’s real estate market is showing strong momentum. For those buying, selling, or simply watching the market, the latest data for single-family homes in April highlights key trends worth noting.
Inventory and Sales Activity on the Rise
In April, the number of homes available increased to 1,638, up from 1,360 in March—an increase of approximately 20 percent. This boost in inventory suggests sellers are becoming more confident and buyers now have more options to choose from.
The number of properties sold also rose significantly:
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March: 575 properties sold
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April: 662 properties sold
That’s a 15 percent increase, indicating steady buyer demand despite rising prices.
Homes Are Selling Faster
The average number of days on market dropped from 53 days in March to 48 days in April. A five-day reduction suggests heightened competition among buyers and a faster-paced market overall.
Home Prices Continue to Climb
The average sales price in Salt Lake County rose from $714,860 in March to $748,330 in April. That’s an increase of nearly $34,000, or roughly 4.7 percent. Higher prices paired with quicker sales reflect continued demand and confidence in the market.
What This Means for Buyers and Sellers
For sellers, market conditions remain in your favor. With prices trending upward and days on market declining, well-prepared and competitively priced homes are attracting attention quickly.
For buyers, more inventory offers greater choice, but faster sales and increasing prices mean acting quickly and being well-prepared is essential.
For investors, the combination of rising prices and strong volume points to a resilient market with long-term potential.
Looking Ahead
As we move into the summer season, we will be watching to see whether inventory continues to rise and if buyer demand remains strong. These trends will play a key role in shaping pricing and market competition through the coming months.
If you’re considering buying or selling in Salt Lake County, now is an ideal time to connect with a local expert who can guide you through this dynamic market.
