02/10/2026
It will likely take about seven years for Salt Lake County home prices to fully adjust to the distortion created during the COVID-19 years. From mid-2020 through 2021, sub-3% mortgage rates ignited a historic housing boom—record sales, construction, rapid price gains, and ultra-low inventory—amplified by roughly $5 trillion in federal stimulus. That Fed-fueled surge continues to shape the market in 2025 and will likely carry into 2026. Bottom line for 2026: prices are expected to remain steady with a projected 1–3% increase, and sales should rise 2–3%.