Hilman Homes Utah

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%.

01/23/2026

One stat tells you everything you need to know about today’s Salt Lake County housing market. Before mortgage rates jumped in 2022, the market was remarkably consistent. From 2019–2021, Salt Lake County averaged about 18,450 home sales per year—a strong, liquid market with steady buyer and seller activity. Once rates began rising in 2022, that picture changed dramatically. From 2022–2025, annual sales have averaged around 12,375 homes, or roughly 6,000 fewer sales per year compared to the pre-rate period. That’s a nearly 33% drop in transaction volume, not because demand vanished, but because higher rates reduced affordability and limited mobility.

10/26/2025

FIRST TIME HOMEBUYERS, grants are available for you!

Application is open through November 18. I have seen this first hand and know it is a great option!

https://slrealtors.com/american-dream-grant-program/

10/26/2025

August's Salt Lake County housing statistics are out. The median and average sales prices have gone up, as has the inventory.

07/02/2025

Utah’s real estate market is undergoing a shift as more active listings come online. As of March 31, there were 10,782 active listings of all housing types on UtahRealEstate.com—a 49% increase compared to the same date in 2020, at the onset of the pandemic. This rise in inventory is offering buyers a wider range of choices, potentially drawing some off the sidelines. However, many remain cautious due to persistently high home prices and elevated mortgage rates. By July 1, active listings had climbed further to 13,307—up 33% compared to July 1, 2024—continuing the upward trend and signaling a more competitive and balanced market ahead.

05/14/2025

When it comes to building wealth, owning a home isn't just a dream — it's a game-changer. A 2024 study reveals that the median net worth of U.S. homeowners is a jaw-dropping $400,000, compared to just $10,400 for renters.

03/21/2025

House prices across many parts of Utah are remarkably high. In January, the median sales price of a home in Summit County rose to $1.7 million, marking a 42% increase from one year ago, according to the Utah Association of Realtors®. Summit County's median home price is now higher than those in San Francisco, Honolulu, and San Diego. Similarly, Wasatch County saw home prices jump to $1.5 million, representing a 68% increase over the past year. Salt Lake County ranked as the eighth-most expensive county in the state, with a median home price of $525,000, up 5% compared to January 2024. Statewide, Utah's median home price in January reached $499,725, up 3% from $485,000 in January 2024.

01/24/2025

Housing inventory levels are rising, while new home construction is ramping up.

01/18/2025

Learn about the American Dream Grant!

Congratulations to our most recent American Dream Grant recipients and their Realtors! To learn more about the American Dream Grant, go here: https://slrealtors.com/american-dream-grant-program/

01/11/2025

The housing market could open up more opportunities to home buyers in the new year and lead to a housing rebound after two years of sluggish sales, according to the National Association of REALTORS®. Home sales across the nation in 2025 are predicted to rise 7% to 12%, while the median price should rise about 2%.