Utah Housing Market Update — January 26, 2026

Why Sellers Should Price Conservatively Right Now

Home sellers in Utah, you’ll want to price a little conservatively right now — that’s what the data supports.

Hey guys, it’s Christopher McGee, owner of Halcyon Real Estate with the Keller Williams Market Center in Salt Lake City, Utah.

Today is January 26, 2026. It’s freezing here, but compared to some other states right now, I really have nothing to complain about.

As always, I’m going to show you exactly what Utah’s housing market looks like, using fresh MLS data pulled every Monday, and explain what it actually means for home sellers and home buyers here in Utah.

Let’s get straight to it.

Utah Housing Market Snapshot (As of January 26, 2026)

📦 Current Inventory

• 10,599 active listings
• Down slightly from the previous week
• Overall inventory has been trending down since Q4, but has leveled off over the last month

⏳ Average Days on Market

• 77 days
• Down week-over-week
• Still clearly trending upward overall

💰 Pricing Overview

• Average list price: $686,650 (down week-over-week)
• Average sold price: $670,219

➡️ Buyer advantage:
The gap between list and sold price is $16,359 in favor of buyers.

📊 Median Sold Price

• $515,000
• Slightly up from the previous week
• Still well within the normal range of the last quarter

This matters because most buyers and sellers experience prices closer to the median, not the average.

🏠 Homes Sold Last Week

• 300 homes sold
• Down week-over-week
• Trend is currently downward

✍️ Homes Under Contract

• 4,454 homes under contract
• Significantly up from the prior week
• Strong upward trend over the last few weeks

➡️ Expect this to translate into higher weekly sales numbers in the next couple of weeks.

🔻 Price Reductions

• 817 price reductions
• Down from the previous week
• After a New Year surge, reductions are tapering off

❌ Canceled / Expired / Withdrawn Listings

• 314 listings
• Down week-over-week
• Currently trending flat

📉 Interest Rates

• 6.17% national average for a 30-year fixed conventional loan
• Slightly up from last week
• Overall very stable over the last month

What This Means for Home Sellers in Utah

Sellers, this is the key takeaway:

Price Ahead of the Market — Not Behind It

The market is softening slightly, not collapsing.
That means:

• Overpricing will cost you time and leverage
• Chasing the market down leads to longer days on market
• Homes priced conservatively from day one perform better

Putting your home on the market with hope and a prayer to squeeze every last dollar often results in:

• Sitting on the market for 60–90 days
• Multiple price reductions
• Weaker buyer confidence

Strategic pricing upfront beats chasing buyers later — every time.

What This Means for Home Buyers in Utah

Buyers, the market does lean slightly in your favor — but let’s be clear:

• The market has not toppled
• We are not in a crash
• The data does not support that narrative

There’s a lot of online noise claiming a housing collapse is imminent.
If someone is selling that idea, I challenge them to bring:

• Their data
• Their name
• Their face

If the indicators showed a crash coming, I’d be the first to tell you.

That’s simply not what the numbers say right now.

Final Thoughts

This market rewards:

• Realistic sellers
• Informed buyers
• Data-driven decisions

That’s why I put these updates out every week.

If you’re planning to buy or sell in Utah over the next quarter or two, staying current with real data will help you make better financial decisions.

👉 Subscribe and follow for weekly Utah housing market updates
💬 Have questions about the data? Drop them in the comments — I always respond.

See you next week.
Thanks for watching.

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