Inventory is rising, interest rates are improving, and well‑priced homes are selling faster.

Just a few months ago, many homeowners pulled their properties off the market, frustrated by higher interest rates and slower activity. Some homes sat for three, six, nine, or even twelve months without movement. Buyers were cautious, sellers were uncertain, and the momentum that once defined the Utah real estate market along the Wasatch Front had clearly slowed.

But as spring 2026 approaches, we’re seeing the market shift. If you’re planning to buy or sell your home in Utah this spring, here’s what you need to know.

Inventory is about 13% higher than it was at this time last year, which means there are more homes available for buyers to choose from. At the same time, the number of homes going under contract has risen 9% compared to six months ago, when it had been down 9%.

This change shows that buyers are becoming more active again and that market momentum is returning. So what has caused this shift in the market? One of the biggest factors is the movement in interest rates.

What changed with interest rates? Back in 2021, rates were around 3%. That environment fueled rapid appreciation, with home values rising as much as 26% in a single year. Eventually, rates climbed, briefly peaking around 7.8% before moderating to around 7%. When that happened, many sellers decided to step back, especially in October and November, believing the market had stalled.

Today, rates are running around 6%, which is roughly a three-year low. That drop is significant.

“Inventory, which is already up 13%, is expected to expand further this spring.”

According to the National Association of Realtors, when interest rates drop by about one percentage point, from 7% to 6%, it brings approximately 5.5 million buyers into the market nationwide. This does not mean 5.5 million people will purchase immediately, but it does mean affordability improves. Historically, about 10% of those introduced buyers end up purchasing.

In simple terms, lower rates are giving more buyers the ability to participate.

More inventory is coming. Another important factor is the number of sellers preparing to re-enter the market. Many properties came off the market in the fall, when activity slowed. Now, there have been more pre-spring calls from sellers getting ready to list than seen in over a decade.

Inventory, which is already up 13%, is expected to expand further this spring. Buyers should see more options, while sellers will face more competition.

How homes are selling faster. Although the average days on market is around 70 days, that number reflects average pricing and average marketing. Homes that are priced right, in strong condition, and marketed effectively are selling much faster, typically within 14 to 21 days.

In recent weeks, properly positioned properties have started receiving multiple offers again. However, three clear criteria must be met:

  • The home must be priced right.
  • The condition and showability must be strong.
  • The marketing exposure must be strategic and comprehensive.

Pricing strategy is especially critical. In one recent example, a property received ten showings without an offer. After one small price adjustment, it secured an offer. Buyers are active but very value-conscious. If a property feels slightly overpriced, they hesitate. If it feels right, they move quickly.

What does the next phase of the market look like? The Utah real estate market along the Wasatch Front is strong and active, but not extreme. Interest rates are around 6%. Inventory is 13% higher than last year. The average days on market is about 70 days. The expectation is steady and gradual movement rather than dramatic swings.

What does this mean for you? For buyers, that means improved affordability and more choices. But for sellers, that means opportunity, provided the home is priced correctly and presented well.

The story of this market is not about chaos. It is about adjustment. After a period of hesitation, activity is returning. Strategy, timing, and realistic pricing are what will determine success in this next phase.

If you need real estate guidance, whether buying, selling, or investing, reach out today at (801) 285-0521, email Justin@JustinUdy.com, or visit justinudy.com to get a personalized plan for your situation.