Utah Housing Market Update: Record Prices, 7.5% Rates, Fewer Buyers

Utah’s housing market shifted fast in September. Pending sales dropped 27% year over year, rates climbed to around 7.5%, and the average sales price hit the highest monthly number the state has ever recorded. On this episode of The Buff Show, Paden Anderson and Jessica Bowman of MTN Buff Real Estate break down the September 2026 statewide numbers, what’s selling and what’s sitting, and what it means if you’re buying or selling this fall and winter. In this episode: Pending sales down 27% (3,748 to 2,744) Closed sales down about 12% Average price at $831K, median at $530K Affordability index at its lowest on record Inventory up 3.6%, with 4.7 months of supply Why luxury homes and condos are stacking up while 4+ bedroom homes keep selling Homes under $250K: slowest to sell, biggest discounts Straight advice for buyers and sellers right now ⏱ Chapters 0:00 Intro and early-season snow 1:33 Where rates are today 4:48 September monthly indicators 6:34 Pending sales drop 27% 7:42 Closed sales and days on market 10:02 Median and average price 12:44 Housing affordability index 13:43 Inventory and months of supply 16:58 What’s selling: higher-end vs. starter homes 19:27 Single family vs. condos 21:55 Luxury inventory and build vs. buy 23:45 Homes under $250K 25:39 Advice for buyers 28:14 Advice for sellers Learn more: https://www.mtnbuffrealestate.com Houses mentioned in this episode:    • What Under $550K Gets You in North Ogden, ...   https://search.mtnbuffrealestate.com/... https://search.mtnbuffrealestate.com/... Ready to see it in person? Reach out to MTN Buff Real Estate. Paden Anderson | (801) 656-1198 | paden@MTNBUFF.com 📲 Follow along for more Ogden Valley listings and local real estate: 🏔️ Mtn Buff | Ogden, Utah | Serving Northern Utah 📧 General Inquiries: contact@mtnbuff.com Instagram: @mtnbuff Facebook: www.facebook.com/mtnbuff Website: https://www.mtnbuff.com Data source: statewide monthly indicators and housing supply overview, September 2026. #UtahRealEstate #HousingMarket #MarketUpdate #OgdenValley #TheBuffShow