The Salt Lake County single-family market continued to build momentum in April, with steady year-over-year growth and a noticeable increase in activity compared to March. As the spring market moves forward, the data points to a more active and balanced environment for both buyers and sellers.
Inventory & Supply
There were 1,634 homes available in April, essentially flat year-over-year (+0.5%) and up from 1,368 homes in March. This gradual increase in inventory is typical for the season and gives buyers more options than earlier in the year, while still keeping overall supply relatively tight.
Sales Activity & Volume
Closed sales reached 738 properties in April, up from 700 sales in March and 2.2% higher year-over-year. Total sales volume rose to $562,870,351, an increase from $516,972,614 in March, reflecting both increased transaction activity and continued price stability. This signals that buyers are actively re-engaging as we move deeper into spring.
Days on Market
Homes sold in an average of 45 days on market, improving from 56 days in March and slightly faster than last year (-2.2% YOY). This indicates that well-priced homes are continuing to move efficiently, even as inventory increases.
Pricing Trends
The average sales price came in at $748,396, up slightly from $725,056 in March and 0.8% higher year-over-year. Price growth remains modest, suggesting a healthier, more sustainable pace compared to the rapid appreciation seen in previous years.
What It All Means
Compared to March, April shows a clear step forward in activity, with more homes on the market, more sales closing, and faster timelines. Year-over-year, the market remains stable, with slight increases in price and sales alongside improved efficiency.
Overall, Salt Lake County is moving through a strong spring market defined by steady demand, growing inventory, and balanced conditions. Buyers have more opportunity than earlier in the year, while sellers who price and position their homes correctly are still seeing solid results.
