How Is the Utah Real Estate Market Shaping Up in June 2025?

By Doug Cary

Doug Cary has been selling real estate in Davis County since 2005. He is a 2nd generation top producing Real Estate Agent.

The real estate landscape in Utah is shifting, with more homes available than buyers compared to last year. While prices have remained steady so far, the balance between supply and demand suggests changes could be on the horizon. How this unfolds will depend on several factors, including interest rates and buyer behavior. Here’s everything you need to know:

More homes for sale. There are currently over 30% more homes for sale in Utah compared to the same time last year. This higher supply combined with lower demand typically leads to a natural decrease in home prices. Although prices have remained steady so far, this trend suggests that price reductions are likely if the supply-demand imbalance continues.

Act sooner rather than later. While I don’t have a crystal ball to predict exact outcomes, my advice to homeowners looking to sell would be to act sooner rather than later. Waiting may mean facing lower prices as the market adjusts.

Interest rates remain an important factor that could quickly change market conditions. A small reduction, such as a half-point drop in interest rates, is possible given recent signs of decreasing inflation. If this occurs, the market could recover rapidly. Inventory could be absorbed quickly, leading to competitive situations with multiple offers on many properties.

Understanding current market dynamics is essential for making informed decisions in this changing environment. If you have questions about your real estate situation or want guidance on buying or selling a home, please feel free to reach out. You can call me at (801) 450-0997 or email me at doug@dougcary.com. I look forward to hearing from you!