Utah real estate market: A veteran’s perspective on why there’s real optimism

After more than 35 years helping clients buy and sell homes across Utah, I’ve seen this market go through its fair share of ups and downs. But as we move through the latter half of 2025, I can honestly say … it’s a good time to feel optimistic about where things are heading.

One of the most encouraging shifts I’ve seen recently is the increase in available inventory. With over 19,000 homes currently on the market across the state, buyers finally have breathing room. For a long time, I watched folks rush to make offers under intense pressure. Now, homes are staying on the market a bit longer, and that gives buyers more time, more choices, and often more room to negotiate.

Prices are steady, not spiraling. As someone who’s guided clients through decades of market cycles, from booms to busts, I know how important it is when a market starts to find its balance. Today’s pricing reflects stability, not stagnation. That’s a positive sign for both buyers and sellers. Sellers are still seeing strong returns, and buyers aren’t being priced out the way they were just a few years ago.

I’m also seeing more seller concessions come back into the conversation, things like closing cost assistance or minor price reductions. These weren’t even on the table during the ultra-competitive market of 2021 and 2022. It’s another signal that we’re returning to a more balanced and thoughtful real estate environment.

Another trend that stands out: More homeowners are choosing to stay in their current homes longer. Whether it’s due to rising interest rates or a desire to invest in their existing space, I’ve noticed a real uptick in remodeling and home improvement. From kitchen overhauls to basement finishes, many of my clients are opting to improve what they have rather than jump into the buying frenzy. And that makes sense — remodeling can be a smart way to build equity while enjoying your home even more.

Meanwhile, Utah’s long-term fundamentals remain strong. Our population continues to grow, our job market is resilient, and thoughtfully planned communities — like Daybreak in South Jordan — are setting the standard for how people want to live. These developments emphasize walkability, green space and sustainable design, which are becoming increasingly important to today’s buyers.

From my perspective on the ground with Century 21 Everest and from the homes I’ve walked through with clients in just the past few months, the Utah real estate market is in a solid, healthy place. It’s not overheated, and it’s not in decline. It’s a window of opportunity. Whether you’re looking to buy, sell, invest, or stay and improve your current space, there’s plenty of reason to feel confident about where things are heading in Utah.

Lisa Street can be reached at Century 21 Everest Realty Group, 6925 S. Union Park Center, Suite 600, Cottonwood Heights, UT 84047, 801-580-4879.