Utah Real Estate Market Update: 2025 Mid-Year Insights

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.

Every day, I hear predictions that the market is going to collapse soon. People say it will drop or fall apart completely. But from what I see, there’s no real evidence supporting this claim. There is just as much chance of the market suddenly rising as there is of it crashing. While I can’t predict the future, I believe the market will likely stay similar to how it is now, at least for the foreseeable future. Here’s everything you need to know:

Home listings increase. As we enter the second half of 2025, sales are tracking closely with what we saw at this same time last year. Home prices are slightly higher compared to last year. However, the most noticeable shift is the inventory. There are currently 37% more homes on the market than there were a year ago. This gives buyers more choices and could potentially lead to some downward pressure on prices. Homes are also sitting on the market longer, which may result in small price decreases instead of continued increases.

Localized real estate. Real estate remains highly localized. In the Salt Lake area and across the greater Wasatch Front, conditions vary significantly from neighborhood to neighborhood. Some areas are still seeing multiple offers, with homes selling for $50,000 to $80,000 over the asking price. At the same time, other neighborhoods are experiencing price drops compared to just a few months ago.

If you are planning to buy or sell real estate, I recommend reaching out to a local real estate expert who understands the current market trends in your area. The right guidance is essential in navigating this ever-changing market. If you have questions or need guidance, just reach out. You can call me at (801) 450-0997 or email me at doug@dougcary.com. I look forward to hearing from you!