🏡 Utah Housing Market Snapshot – November 2025
As we move deeper into Q4, Utah’s real estate market continues its shift toward balance. Inventory remains elevated compared to prior years, buyer activity has slowed seasonally, and pricing remains surprisingly resilient statewide.
Rather than a dramatic slowdown, November 2025 reflects a “recalibration” market — one where strategy, pricing, and preparation matter more than speed.
📈 Active Listings: Inventory Continues to Build
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13,042 homes for sale statewide (Nov 2025)
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19% higher than November 2024
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9,600 more active listings than 2021
Inventory growth has been one of the most defining trends of 2025. While Utah still isn’t oversupplied by historical standards, buyers now have significantly more options than they did during the ultra-competitive years of 2021–2023.
What this means:
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Buyers can take more time
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Sellers face more competition
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Pricing strategy matters more than ever
📉 Homes Sold: Seasonal Slowdown Continues
Statewide sales dipped again in November, which is typical heading into winter:
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Sales volume declined year-over-year
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Buyer hesitation continues due to interest rates
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Many buyers are waiting for early 2026 opportunities
This slowdown is seasonal, not structural — similar patterns show up almost every year during November and December.
Key takeaway: Fewer transactions does not mean falling prices.
💲 Prices: Holding Strong Despite Fewer Sales
Even with slower buyer activity, home prices across Utah remained firm:
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Single-Family Median Sold Price: Holding near recent highs
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Townhomes & Condos: Largely flat year-over-year
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Price Per Square Foot: Remains elevated statewide
This price resilience signals continued long-term demand driven by:
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Population growth
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Employment stability
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Limited new housing supply relative to need
⏱ Days on Market: A More “Normal” Pace
Homes are taking longer to sell compared to peak frenzy years:
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Median days on market have increased
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Buyers are shopping more carefully
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Sellers are adjusting expectations
This is a healthier, more sustainable market pace — not a downturn.
🛠️ What’s Driving the Market Right Now
✔️ Inventory Is Up — But Not Excessive
Listings are higher than last year, but still below long-term averages needed for a buyer-dominated market.
✔️ Buyers Are More Selective
Move-in-ready homes, realistic pricing, and strong presentation outperform.
✔️ Sellers Must Be Strategic
Pricing high “to test the market” is far riskier than it was two years ago.
✔️ Seasonality Is in Play
Late fall and winter traditionally favor prepared buyers and serious sellers.
🧠 Buyer & Seller Takeaways – November 2025
For Buyers
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More inventory = more leverage
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Less competition than spring/summer
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Opportunities for concessions or price adjustments
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Still important to act quickly on well-priced homes
For Sellers
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Homes that are staged, priced correctly, and well-marketed still sell
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Overpricing leads to longer days on market
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Early 2026 may offer stronger conditions — planning matters
🔮 Looking Ahead to Early 2026
Based on current statewide trends:
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Inventory: Likely to remain elevated through winter
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Prices: Expected to remain stable with modest appreciation
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Buyer Activity: Could pick up in late Q1 as rates stabilize
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Best Strategy: Prepare now, act early
🎯 Final Thoughts
Utah’s November 2025 market reflects balance — not boom or bust. Whether you’re planning to buy, sell, or simply watching the market, understanding these trends helps you make smarter decisions.
📞 Thinking about a move in 2026?
Book a call now with Move Utah Real Estate. Let’s build a personalized plan that fits your goals, timeline, and budget.
