Market Intelligence Report — UT-620

Salt Lake City-Murray, UT

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-UT-08
As of the latest 2026 data
Cooling

Median Listing

$567K
-2.7% YoY

Pending Ratio

0.34
-7.8% YoY

Active Inventory

3,756
+10.9% YoY

Median DOM

57 Days
-1.7% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Salt Lake City-Murray market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Salt Lake City-Murray, UT.

Free ReportNo Sign-up~60 Seconds

The Salt Lake City-Murray market is currently categorized as Cooling, with a pending ratio of 0.34 indicating demand absorption is lagging supply. This condition is further influenced by a year-over-year increase in active listings of 10.9%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.5%-0.2 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

1.31M+0.5% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

1,114+93.4% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Salt Lake City-Murray market right now.

Active listings have seen a notable increase of 10.9% year-over-year, alongside an 8.4% rise in new listings, contributing to a more ample supply environment. The median listing price has experienced a modest decline of 2.7% over the past year, with a slight month-over-month decrease of 0.5%. The pending ratio has contracted by 7.8% year-over-year, reflecting reduced demand relative to available inventory.

Historical Analysis

Market Trends

Median Price

$567K-0.5% MoM

Active Inventory

3,756+10.9% YoY

Days on Market

57-1.7% YoY

Sold Score™

41-7.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

41
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.34 and expanding inventory, prospective purchasers likely face reduced competitive pressure and increased selection. This environment necessitates price discipline from sellers and suggests a slower pace of transactions, potentially offering more opportunity for negotiation.

Luxury Segment

The average listing price declined by 3.2% year-over-year, while the median listing price decreased by 2.7%. This indicates a slight softening at the higher price tiers. However, the median $/sqft saw a modest increase of 0.6% over the past year, which does not strongly suggest a broad luxury-segment downturn. No distinct luxury-segment signal in this dataset.

Supply Dynamics

3,756 active listings represent the current floor, with new supply arriving at roughly 1,556 per month.

Pricing Pressure
30.3%

of active listings carry a price reduction, -0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.6% year-over-year.

Absorption
0.34

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Salt Lake City-Murray, UT? Inventory is up 11% from last year.

Buyers have leverage in Salt Lake City-Murray, UT. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
34%
Median Days on Market
57 days
Inventory YoY
+11%

In a buyer's market, strategy beats timing. See how your home scores in Salt Lake City-Murray, UT and what moves the number.

See my Sold Score & selling strategy

Prefer the data first? Get the monthly Salt Lake City-Murray, UT briefing and watch the market before you list.

How the Sold Score works →

Agents: no featured expert covers Salt Lake City-Murray, UT yet — claim this market →

How these recommendations are chosen →

The Monthly Briefing

Stay ahead of the Salt Lake City-Murray market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Track your ZIP

Get the Sold Score for your exact ZIP code in your inbox each month.

One email per month when your ZIP's Sold Score is updated. Unsubscribe anytime.

Metro Demographics

Metro Area
Salt Lake City-Murray, UT
CBSA Code
41620
State
UT

ZIPs in Salt Lake City-Murray, UT

Sorted by active inventory · click a ZIP for its full report