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Here's where things are in the Utah housing market as of 1/26/2026: 0:00 - Intro 0:29 - The Numbers 2:34 - The Nuance -Current Inventory = 10,599: down by just a few from previous week, still trending down as we see it on this chart from the beginning of 2025’s Q4, looking pretty level across this last month though. -Prior Week Average DOM = 77: down from last week, trending up. -Prior Week Average List$ = $686,650: down from last week, trending down very moderately. -Prior Week Average Sold$ = $670,219. -Prior Week List$ vs Sold$ = -$16,359 in the buyer’s favor. -Prior Week Median Sold$ = $515,000: up a touch from the previous week. -Prior Week Homes Sold = 300: down from last week and trending down, but look at what’s under contract.. -Currently Under Contract = 4,454: up significantly from the week before, trending up strongly across the last few weeks - that will start to show up with more homes sold per week in just a couple of weeks here. -Prior Week Price Reductions = 817: down from the previous week and trending down still - it had a pretty strong surge up with the new year but it’s tapering off again. -Prior Week Listings Cx/Ex/Withdrawn = 314: down from the previous week, trending pretty level atm. -Interest Rates (30yr Fixed Conventional) = 6.17%: up a bit from previous week’s average, pretty level across the last month. What does it mean for Sellers? It’s still important for home Sellers in Utah to price ahead of the slight downtrend in the right now market - get in front of the demand instead of chasing it down. You’ll do better on your sale with a conservative price point that’s accurately informed with local data than if you had aimed to squeeze everything out of it possible and as a result stayed on the market for 3 months. Buyers: The market leans a little in your favor, do not believe the seductive idea that it has tipped over to be completely in your favor. I’ve make a ton of informational shorts and reels about this in the last couple of months, and apparently I can’t overdo this message so just remember the market has not crashed and is not on the verge of it - believe me I will be the first one to show you the data if it does. It’s not going that way at all right now. Remember that I track interest rates from the following website: https://www.mortgagenewsdaily.com/ If you have any questions about the information in this video or if you're interested in buying or selling a home in Utah in the coming months, please feel free to reach out to me. You know that I know this market like the back of my hand, and I'd love to be on your team and make sure you always know what’s happening next and what to do. Let’s have a conversation! I'd love to hear from you, Christopher 801.834.9713 christopher.mcgee@kw.com