Market analytics · April 2026 archive
Salt Lake City, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
April 2026 · Market Analysis
Salt Lake City listings multiply as spring buyers push sale-to-list to near-parity
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Active inventory in Salt Lake City reached 755 homes in April 2026, climbing from 621 in March and 553 in February — a 21.6% month-over-month gain that handed buyers meaningfully more options than they had at the start of the year. Yet demand absorbed the added supply without flinching: 269 homes closed in April, up from 245 in March and well above April 2025's 228, while the sale-to-list ratio climbed to 99.81% — the sharpest reading since last summer. The city entered spring with more listings and more closings simultaneously, a combination that kept the market balanced rather than tilting decisively toward either side.
Market pulse
From November through January, Salt Lake City's median days on market hovered in the high-30s to low-40s, reflecting a slower winter pace; by March that figure had compressed to 14 days, and April tightened it further to 11. New listings tell the same seasonal story: 127 came to market in December, 228 in February, 341 in March, and 455 in April — a steady acceleration that brought total active inventory to 755 homes, up 47% year-over-year from April 2025's 514. The sale-to-list ratio recovered from a winter low of 97.09% in January to 99.81% in April, and the share of homes closing above list price jumped from 26 in January to 96 in April, signaling that well-priced listings are drawing competitive offers again. Absorption held at 2.81 months in April, roughly in line with the 2.03–2.69 range that characterized the prior spring and summer.
Mortgage context
The 30-year fixed rate has climbed 0.43 percentage points from February's monthly average of 6.19% to today's 6.625%, reversing what had been a brief affordability window earlier in the year. Over the past 30 days alone, rates moved up from 6.25% to 6.625%, adding roughly $113/month to a principal-and-interest payment on a median-priced Salt Lake City home. For buyers who were underwriting deals in February, that rate drift has meaningfully changed the math — particularly in the $400K–$700K band where most of the city's volume concentrates.
Payment math
On a median-priced home today, P&I lands at $2,945/mo at 6.625% — $113/mo more than 30 days ago at 6.25%, and $131/mo above the February low when rates averaged 6.19% and P&I would have been $2,814.
If you're buying
With 755 active listings and median DOM at just 11 days, Salt Lake City's spring market is moving fast — but the 114 homes that closed below list price in April show that not every property is drawing multiple offers. Target listings in the $400K–$700K band that have been sitting 20-plus days, particularly in neighborhoods like Hoffman Heights and Rose Park where price sensitivity tends to be higher; the sale-to-list ratio on stale inventory in this range has historically run closer to 96–97%. If you're stretching into the jumbo range, note that jumbo rates are currently at 7.375%, a full 0.75 points above the conforming rate, which is compressing demand and creating more negotiating room in the over-$700K segment.
If you're selling
April's 99.81% sale-to-list ratio and 96 above-list closings confirm that correctly priced homes in Salt Lake City are still drawing strong offers — but only 3 sellers recorded a price change in April, suggesting the market punishes overpricing quickly rather than rewarding it with a slow grind upward. In the Avenues and Highland Park, where April's median DOM was 4–5 days and medians ran $730K–$850K, sellers who price at or just below recent comps are seeing the fastest absorption; pricing to last year's peak ratios in those neighborhoods risks sitting while better-priced competition moves. With 455 new listings entering in April alone, differentiation on condition and price precision matters more than it did in the thinner winter market.
Outlook
Salt Lake City typically sees its peak listing volume in May and June, so inventory is likely to climb further before leveling off — which should give buyers more options but also more competition from other sellers. If the 30-year rate holds near 6.625% or drifts higher toward the May monthly average of 6.51% (already baked into the forward curve), affordability pressure will continue to concentrate in the $400K–$700K band, where buyers are most rate-sensitive. The luxury segment above $700K — which produced 106 closings in April at a median of $956,450 — bears watching: jumbo rates at 7.375% are a real headwind, and if Silicon Slopes hiring softens, that segment could see DOM lengthen before the broader market does.
Watch for
If the 30-year fixed rate crosses 7% before summer, expect the $400K–$700K band's absorption to slow and months-of-supply in Salt Lake City to push back above 3.5, reversing the spring tightening.
"More homes, faster sales, higher rates — Salt Lake City's April pulled in opposite directions at once."
Common questions about Salt Lake City this month
Is Salt Lake City a buyer's or seller's market in April 2026? ▾
It's a balanced-to-seller-leaning market, but with nuance. The 99.81% sale-to-list ratio and 11-day median DOM favor sellers on well-priced homes, but 755 active listings give buyers more choices than they had all winter. Homes that linger past 20 days are increasingly negotiable — 114 of April's 269 closings went below list price.
How much has the inventory increase affected Salt Lake City home prices? ▾
The median sale price in April was $575,000, up from $565,000 in March and $553,500 in April 2025 — a modest year-over-year gain of about 3.9%. The inventory build hasn't pushed prices down; demand has kept pace. The bigger price story is in the over-$700K segment, where the April median was $956,450 on 106 closings.
Are homes in the Avenues or Highland Park selling quickly in April 2026? ▾
Yes — both neighborhoods posted median DOM of 4–5 days in April, among the fastest in the city. The Avenues recorded 5 closings at a median of $850,000, and Highland Park posted 4 closings at a median of $730,000. These walkable, established neighborhoods near the University of Utah and downtown Salt Lake City continue to attract buyers willing to move quickly.
What does the current mortgage rate mean for my monthly payment on a Salt Lake City home? ▾
At today's 30-year rate of 6.625%, a median-priced $575,000 home carries a principal-and-interest payment of roughly $2,945/month (assuming 20% down). That's $131/month more than it would have been in February when rates averaged 6.19%. The rate climb since February is the equivalent of about $15,000 in purchasing power lost for a buyer targeting that payment level.
Should I wait for more inventory before buying in Salt Lake City this spring? ▾
Inventory is already building — 455 new listings came to market in April alone, and the active count of 755 is 47% above April 2025's 514. More supply is likely in May and June as the spring listing season peaks. However, rates have also been climbing, so waiting for more inventory while rates rise may not improve your net position; the math depends on how sensitive your budget is to rate moves versus selection.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
269 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 11 · 25th percentile 4 · 75th percentile 41
Needed a price change
Sold listings that had a recorded price change before close
3 of 269 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Park 12 sold · $487K · 23d
- 2. Avenues 5 sold · $850K · 4d
- 3. Plat B 5 sold · $695K · 11d
- 4. Plat A 5 sold · $445K · 14d
- 5. Highland Park 4 sold · $730K · 5d
April 2026 by property type
How each housing type performed last month — 267 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 269 | 228 | +17.98% | 837 | 843 | -0.71% |
| Median Sale Price | $575,000 | $553,500 | +3.88% | $573,435 | $534,126 | +7.36% |
| Median DOM | 11 | 16 | -31.25% | 23 | 25 | -8.00% |
| Sale-to-List Ratio | 99.92% | 99.06% | +0.87% | 98.64% | 98.78% | -0.14% |
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.