This week the Utah County housing market is showing subtle shifts that buyers and sellers should notice. The median sale price county-wide remains elevated near $520K–$565K, with price growth moderating compared to last year — and homes are taking a bit longer to sell (around 60+ days) versus a faster pace in the past, giving buyers slightly more room to negotiate. At the same time, new home construction and communities across cities like Spanish Fork, Salem, and Mapleton are actively adding inventory, with multiple new developments priced from the low $300Ks into the mid $800Ks around the county. These trends suggest more options for buyers right now and signal that the market is less frenzied than it was at the height of the seller’s market — without losing overall demand
Mortgage rates have eased a bit but are still elevated compared with the ultra-low years. The average 30-year fixed mortgage rate is sitting around the low-to-mid 6% range, and a 15-year fixed rate is roughly around the mid-5% range — though exact numbers vary based on lender, credit score, loan type, and points. National averages reported this week show 30-year fixed averages near ~6.15% and 15-year fixed around ~5.44%, with some local lenders quoting similar figures for Utah borrowers.
What that means for Utah County buyers/sellers:
Buyers are still facing higher borrowing costs than in the pandemic era, but rates are down from peak 2023 levels and often a bit lower than late 2025.
Refinancing can be attractive if you have a high existing rate (e.g., 7%+), but if you’re already under ~5% it may not save much.
Because rates can vary — and move daily — shopping lenders and rate locks are more important than ever right now.
In simple terms: Rates are elevated but easing, offering more breathing room than last year and making pre-approval and rate comparison smart parts of any home search.
This Week’s Seller’s Tips
Selling right now? Buyers are active, but pricing matters more than ever. Homes that show well and are priced realistically are selling first.
The market is calmer, not cold. Sellers who overprice are waiting. Sellers who price smart are still moving.
Today’s market rewards preparation. Clean presentation, strong photos, and accurate pricing make the difference.
Today’s market rewards preparation. Clean presentation, strong photos, and accurate pricing make the difference.
Southern Utah County buyers are watching closely. The homes getting attention are the ones priced to match today’s reality.
Buyer’s Corner on the Market
Ready to Buy? Check out these tips!
Buying in Southern Utah County right now rewards preparation.
Buyers have more options and a little more negotiating power than they did last year, but the best homes still move quickly. Having your financing lined up, knowing your numbers, and being ready to act with confidence makes all the difference. The goal isn’t rushing—it’s being ready when the right home shows up.
For more tips
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Myth vs Reality
Myth vs. Reality
Myth: You have to wait for rates to drop.
Reality: Timing strategy matters more than timing rates.
That’s it for today.
Keep showing up, keep cheering each other on — and as always, keep busy.
Lori Collins, Associate Broker DRE#14213653-AB00/Jeff Collins, Salesperson, DRE# 1421190-SA00
The Collins Team/eXp Realty LLC
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