All of the markets covered in this report shifted in buyers’ favor in 2025, though some, like Salt Lake County, show that the pendulum can—and will—begin to swing back toward more balanced conditions.

Going forward, buyers should be aware that in most markets, there are more listings than in recent years, home prices have remained roughly flat for at least a year, and mortgage rates are near three-year lows. Together, these factors create a strong opportunity to buy. That said, buyers should also be mindful of the usual spring surge in competition, which will accelerate home sales and push prices higher, as it does every year. Savvy buyers can try to get ahead by shopping earlier, but they should also be prepared to write a competitive offer if their ideal home hits the market this spring.

For sellers, the peak selling season is fast approaching. But even in a more balanced market, homes do not sell themselves. The best outcomes still depend on presenting the home well, setting the right list price, and marketing effectively to the right buyers. With the right strategy, this spring presents a great opportunity to sell for the best possible price, especially as lower mortgage rates bring more buyers off the fence.

Sources: TrendGraphix analysis of NWMLS, RMLS, Spokane MLS, MetroList MLS, and Wasatch Front MLS data.