The Salt Lake County real estate market continued to shift in July, with inventory reaching its highest level in recent months while home values continued to climb. Although sales activity slowed compared to June, the market remains healthy, giving buyers more choices and sellers continued opportunities to benefit from strong home prices. Here's a closer look at how July compares to June and what the latest year-over-year trends reveal.
Homes Available
Inventory increased from 1,927 homes in June to 2,118 homes in July, giving buyers even more options across Salt Lake County. Inventory also rose 1.4% year over year, signaling that housing supply is continuing to improve.
Sales Volume
Total sales volume declined from $655.8 million in June to $598.4 million in July. Even with the month-over-month decrease, sales volume was down just 0.3% year over year, indicating the market has remained relatively stable.
Properties Sold
Closed sales decreased from 858 homes in June to 719 homes in July. The number of homes sold was 9.3% lower than July 2025, reflecting a slower pace of transactions as buyers continue to navigate changing market conditions.
Average Days on Market
Homes spent an average of 44 days on the market in July, up slightly from 41 days in June. Even so, homes sold 4.4% faster than they did one year ago, showing that well-priced properties are still attracting strong buyer interest.
Average Sales Price
The average sales price climbed from $763,352 in June to $834,284 in July, continuing the upward trend in home values. Prices finished the month 9.4% higher than a year ago, reinforcing the long-term strength of the Salt Lake County housing market.
Overall Market Takeaway
July brought a more balanced Salt Lake County real estate market, with growing inventory and continued appreciation in home values. While the number of homes sold declined from June, buyers are benefiting from increased selection, and sellers continue to see strong pricing opportunities. As the market evolves, understanding local trends can help you make informed real estate decisions.
Thinking about buying or selling in Salt Lake County? Contact me today for a personalized market analysis and expert guidance tailored to your real estate goals.
