WEEKLY SALT LAKE COUNTY MARKET UPDATE - Monday, September 28, 2026

THE QUICK VERSION
Salt Lake County is sitting at 3.8 months of inventory with homes selling at 99% of list price in an average of 57 days. This is still a market that rewards sellers who price right and punishes the ones who don't. Buyers have more choices than they've had in years, but the good homes are still moving.

THE NUMBERS
- Active listings: 4,318 (averaging 78 days on market)
- Pending: 814 - 19% of actives are under contract
- Sold (last 6 months): 6,752, about 1,125 per month
- Months of inventory: 3.8
- Absorption rate: 26.1%
- Sold price vs. list price: 99.0%
- Average days on market (sold): 57

PRICING
- Average active list price: $724,163
- Average pending: $690,901
- Average sold: $671,157
- Sellers are coming down about 2% from original list ($692,197 to $678,590 final list) before going under contract - then selling at 99% of that final number. Translation: price it right from day one and you'll keep your number. Start high and the market will do the math for you.

BY PRICE BAND
- Under $500k: 4.1 months supply, 425 sales/month, 64 days to sell, 98.9% of list. 1,728 actives competing for 307 pendings. Still the most crowded price point for buyers.
- $500k-$1M: the sweet spot. 3.5 months supply, 568 sales/month, 53 days to sell, 99.4% of list. Strongest absorption in the county at 28.3%.
- $1M+: 4.4 months supply, 132 sales/month, 55 days to sell. 582 actives, 96 pending. More room to negotiate here than anywhere else in the county.

WHAT I'M TELLING CLIENTS
Sellers: the average home still sells at 99% of list, but only after a 2% price improvement from the original ask. The market is honest right now - meet it where it is and you'll be under contract in under 60 days.
Buyers: 4,318 homes to choose from and sellers are negotiating about 3% off their original price on average. You have leverage you haven't had in years, especially over $1M. Well-priced homes under $1M are still moving in under two months, so be ready when the right one hits.

Questions on what this means for your neighborhood? Call or text me - 385-227-4015

Data: AreaPro REMO, Salt Lake County UT, all residential. Stats as of 9/27/26, 6-month sold period.