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Market Snapshot — VARIABLE
Southern Utah County, week of May 4
Median sale price (Utah County): $510,000, up roughly 3% year over year.
Days on market: 68 days, compared to 56 days at this time last year. Buyers have more breathing room than they have had in three years.
Inventory trend: Active listings continue to climb modestly. Springville, Spanish Fork, Mapleton, and Payson all show more options than buyers had in spring 2024.
Sale-to-list ratio (state of Utah): 98.8% — sellers are still getting close to ask, but the days of routinely going over list are largely behind us.
What this means in plain English: the market is rebalancing, not crashing. Sellers who price right and present well still move. Sellers who price emotionally are sitting.
Lending Update — VARIABLE
The 30-year fixed mortgage averaged 6.30% last week according to Freddie Mac, up from 6.23% the week before. Bankrate puts the daily average around 6.38%. The 15-year sits near 5.64%.
The Federal Reserve held its benchmark rate at 3.5–3.75% on April 29 and signaled it is in no hurry to cut. Most forecasters now expect 30-year mortgage rates to spend the rest of 2026 in the 6.0–6.4% range.
Practical takeaway: If you have been waiting for a sub-6% rate, the data suggests you may be waiting a long time. The smart move right now is to get pre-approved at today's rate and lock when you find the home — most lenders offer a one-time float-down if rates drop before closing.
This Week’s Seller’s Tips
Three pricing mistakes I'm seeing in Southern Utah County right now
1. Pricing off your neighbor's 2022 sale. That market is gone. Comps from the last 90 days are the only ones the appraiser cares about.
2. Refusing to budge in the first two weeks. The first two weeks bring the most qualified buyers. If no offers, the price is the message.
3. Skipping the pre-listing inspection. With 68 days on market, buyers have time to be picky. Catching issues before they do keeps you in control of the conversation.
Buyer’s Corner on the Market
Why this week is actually a good time to make an offer
Days on market just climbed past 60 in most southern Utah County cities. That changes the negotiating posture. A year ago, asking for closing-cost help was almost a deal-killer. Today it is a normal conversation.
Three asks that are reasonable right now: (1) seller-paid 2-1 buydown to lower your effective rate for the first two years; (2) closing cost credit of 1–2% of purchase price; (3) home warranty for the first year. None of these are guaranteed — but the answer is no longer automatic no.
📣 Call to Action
Want to know what you can realistically afford in today’s market?
Curious what kind of deal you could negotiate right now?
Let’s map it out so you’re making a smart move—not just a fast one.
The Collins Team at eXp Realty exists because Jeff and I built the kind of environment we wished we'd had. One where agents actually get mentorship from people who've done the work. Where the tools are world-class. Where you're not just a number on a roster.
We're building something here in south Utah County, and we're looking for the right people to build it with us.
Sound like something worth a conversation? Drop a 🏡 below or send me a DM. No pressure. Just a real talk about where you are and where you want to go.
Join a Legacy of Excellence in Real Estate
At eXp Realty LLC/Collins Team, we redefine the real estate industry with innovation, integrity, and unparalleled expertise. Be part of a team that leads the way
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Myth vs Reality
Myth: "I should wait for prices to drop before I buy."
Reality: Utah's structural housing shortage means most economists are forecasting 2–4% price growth this year, not declines. Meanwhile every month you wait is a month of rent or mortgage payments going somewhere else. The math almost always favors buying when you are financially ready over trying to time a bottom that may not come.
📣 Call to Action
Not sure what’s true (and what’s not) in today’s market?
Want a real breakdown of your situation—no hype, no guesswork?
Let’s talk through it so you’re making decisions based on facts, not headlines.
Ready to stop waiting and start winning? Let's talk.
📩 DM us or click the link in bio to schedule a free consultation.
#UtahCountyRealEstate #HomeBuyer #MythVsReality #MortgageRates #BuyNow #SpringvilleUT #TheCollinsTeam #eXpRealty #UtahHomes #RealEstateTips
That’s it for today.
Keep showing up, keep cheering each other on — and as always, keep busy.
Lori Collins, Associate Broker #14213653-AB00
Jeff Collins, Salesperson #1421190-SA00
Springville, UT 84663
385-543-5553
[Phone] 📧 [Email] 🌐 [Website]
The Collins Team/eXp Realty LLC