Oct 20, 2025 - News
Chart du jour: Utah homes linger on the market
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Homes in Utah spent a median of 51 days on the market before going under contract in August, slightly above the national average, according to Redfin data.
Why it matters: High mortgage rates and rising home costs are keeping many prospective homebuyers to hold off on purchasing and could prompt sellers to slash prices.
By the numbers: The cost of Utah homes increased by 7.4% in September compared to last year, bringing the median sale price to $588,900, per Redfin.
- Home sales were also up about 2% over the same period.