Utah Real Estate Market in a Minute: November 2025 Update

The Utah real estate market continues to keep everyone on their toes this November. With its breathtaking mountain views and booming job market, Utah remains a magnet for homebuyers and investors alike. But how is the market really performing as we head into the winter months?

Sales Trends: This fall, Utah’s home sales have seen a slight dip compared to the frenzied pace of the past two years. Many buyers are taking a wait-and-see approach, but homes in popular neighborhoods are still moving quickly—often within a few weeks. The median sale price has held steady, a sign that demand remains resilient even as activity cools off a bit.

Growth Hotspots: Salt Lake City, Lehi, and St. George continue to be the state’s growth engines. Tech jobs, outdoor recreation, and a family-friendly lifestyle are drawing new residents. In suburban areas, new construction is helping to ease inventory woes, but competition for move-in-ready homes is still strong.

Interest Rates: Mortgage rates remain higher than the record lows of 2021, hovering around 7%. This has made affordability a top concern for many buyers. Some are choosing adjustable-rate mortgages or waiting for rates to drop, while others are getting creative with down payments and seller concessions.

What Does This Mean for You? For buyers, patience and flexibility are key. For sellers, pricing your home right matters more than ever. And for everyone, keeping an eye on interest rates and local trends will help you make smart moves in this dynamic market.

Stay tuned for next month’s update—Utah’s real estate story is always evolving!