1 hour ago - Real Estate
Salt Lake City home sales drop 11% from a year ago
Add Axios as your preferred source to
see more of our stories on Google.
Salt Lake City home sales fell 11.2% year over year in September, according to new Redfin data.
Why it matters: Slowing sales could give buyers more negotiating power as homes linger on the market.
By the numbers: The decline was steeper than the national drop of 4.3% as rising mortgage rates and home prices dissuade prospective buyers.
- Closed home sales totaled 963 in September, down 122 from a year prior.
- The median sale price of a Salt Lake City home sits at $635,000, a nearly 11% increase from last September, per Redfin.
Catch up quick: The median price of a single-family home in Salt Lake County reached an all-time high of $645,000 in the second quarter of 2026, according to the Salt Lake Board of Realtors.