The Salt Lake County real estate market continues to show steady, seasonal movement heading into summer 2026. Month-over-month, activity increased in several key areas, while year-over-year trends point to a more balanced market with stable pricing and moderated demand. This update breaks down what’s changing in inventory, sales, pricing, and days on market—and what it means for buyers and sellers in today’s conditions.
Inventory (Homes Available)
Inventory increased from 1,634 homes in April to 1,768 in May, showing more supply entering the market as we move into early summer.
On a year-over-year basis, inventory is down 7.7%, meaning there are still fewer homes available compared to last year’s market.
Sales Volume
Total sales volume rose slightly month-over-month from $562.9M in April to $585.7M in May, indicating continued overall market activity despite shifting conditions.
However, volume is down 9.3% year-over-year, reflecting fewer total dollars transacting compared to 2025.
Closed Sales (Properties Sold)
Closings increased from 738 in April to 794 in May, showing stronger transaction activity month-over-month.
Year-over-year, closed sales are down 7.7%, pointing to a slower pace compared to last spring.
Days on Market
Homes are moving slightly faster month-over-month, improving from 45 days in April to 41 days in May.
Compared to last year, however, days on market are up 2.5% year-over-year, suggesting a modestly slower overall selling pace.
Average Sales Price
Pricing remained relatively stable, moving from $748,396 in April to $738,982 in May, a slight month-over-month dip.
Year-over-year, average sales price is down just 0.6%, indicating continued price stability across Salt Lake County despite shifting demand conditions.
Overall Takeaway
May reflects a Salt Lake County housing market that remains active but increasingly balanced. More inventory is giving buyers additional choice, while pricing continues to hold relatively steady compared to last year. For sellers, strategy and presentation remain key in a market where buyers are more selective and well-informed.
If you're thinking about buying or selling in Salt Lake City or the surrounding areas, reach out anytime to talk through what these trends could mean for your goals!
