This year is bringing more predictability than we’ve seen in a long time. Rates are easing, inventory is gradually improving, and homeowners are deciding whether to renovate or finally make a move.

Are you feeling confused about the Salt Lake City housing market this year? Maybe you’re wondering whether it’s the right time to buy, sell, refinance, or just stay put. 

I recently met a couple facing that exact dilemma. They had been watching the news, but every article seemed to say something different.

So, before you make any big decisions, here are the four important things I’ve noticed across Salt Lake City that could affect your choices in 2026.

1. Interest rates are easing. Rates are trending down slowly, but enough to improve affordability. Realtor.com forecasts mortgage rates averaging around 6.3% in 2026, which is slightly better than last year’s numbers.

With the Fed’s rate drop back in December, we’re expecting to see:

• • More buyers are re-entering the market.
  • Homeowners are finally considering refinancing.
  • A little more breathing room compared to the peak rate years

We’re not going back to 3% rates, but the pressure is easing.

"Once you understand what’s actually happening in the 2026 market, making the right decision becomes much easier."

2. Inventory is growing. Nationally, Realtor.com expects for-sale inventory to rise about 9% in 2026. We are seeing more listings pop up in east-side neighborhoods like Millcreek and Holladay, but tight supply remains the norm in popular areas.

Some parts of the valley are starting to balance out, while others remain fiercely competitive. This year, what matters most is your ZIP code, not the national average. Hyper-local insights will be your biggest advantage.

3. Move-in-ready homes are the most competitive. Updated, move-in-ready homes are more competitive than ever. Many homeowners in Salt Lake have chosen to stay and renovate rather than list, which limits the number of stylish, turnkey homes for sale.

Buyers are moving quickly on clean, modern listings, especially those with updated kitchens, smart-home features, and energy-efficient upgrades. Sellers who put in just a little prep work are often rewarded with faster offers and stronger prices.

4. AI is changing real estate. AI tools are everywhere in 2026. They help agents analyze trends, set strategic pricing, and match buyers with homes more efficiently.

But AI cannot see your mountain view, finished basement, or walkable access to Liberty Park. Only a local agent familiar with Salt Lake neighborhoods can tell you how these features affect value. AI is a tool, but strategy comes from experience.

After years of uncertainty, 2026 is looking more stable, but the key is staying local and informed. Rates are improving, inventory is shifting, and buyers and sellers are adapting to a smarter, more data-driven market.

Feel free to reach out at (801) 845-9502 or email [email protected] to schedule a free one-on-one strategy call. I’ll look at your numbers, your timing, and your local market so you feel confident about the road ahead.