Wasatch & Summit County Market Update — December 2025
Steady Today, Strong Tomorrow
As we close out 2025, both the Wasatch and Summit County real estate markets are showing something we haven’t seen consistently for a few years: stability. And for homeowners, sellers, and hopeful buyers—that’s great news heading into 2026.
Local Market Snapshot
Summit County
According to this week’s report:
- Median list price: $2,499,500
- Market Action Index: 34 holding steady, signaling a slight seller’s advantage
- Inventory: 452 homes, down from earlier fall levels
- Average Days on Market: 135
Summit County continues to behave like a high-demand mountain luxury market: stable pricing, consistent buyer activity, and moderate-but-steady inventory levels.
Wasatch County
This week’s data shows:
- Median list price: $1,387,450
- Market Action Index: also 34 a slight seller’s advantage
- Inventory: 328 homes, with average days on market at 157
- Notably: 41% of listings saw price reductions, which is giving buyers more negotiation room than we’ve seen in previous years.
Across both counties, the 34 MAI score indicates a balanced-to-leaning-seller market—steady, predictable, and healthier than the whiplash markets of 2021–2023.
Mortgage Application Momentum
Nationally, multiple mortgage industry trackers: MBA, HousingWire, and Freddie Mac, have reported meaningful increases in mortgage applications compared to last year. This is driven by:
- Slightly lower rates entering the 6’s
- Pent-up demand from buyers who delayed moves in early 2024–2025
- Increased consumer confidence around long-term pricing stability
Economists are now forecasting a stronger 2026, with the expectation that home prices will remain stable, not spiking or dipping significantly. This stability is something buyers have been waiting for.
What This Means for You
For Sellers:
- Pricing is steady and supported by real demand.
- Inventory remains moderate, which limits competition.
- Well-prepared homes are still selling quickly, especially in Heber, Midway, Park City limits, and Jordanelle-adjacent communities.
For Buyers:
- More price reductions in Wasatch County are creating opportunities.
- Increasing mortgage applications signal more buyers entering the market soon—acting early in 2026 could be advantageous.
- You can still secure favorable terms before competition heats back up.
Looking Ahead to 2026
Here’s what I expect locally in Wasatch & Summit Counties:
- Steady prices as demand remains strong for mountain communities, especially for second homes, relocation buyers, and investors.
- Growing interest in Jordanelle, Mayflower, and Hideout as construction progresses and new infrastructure comes online.
- More buyer activity fueled by falling rates and improving affordability.
- Continued strength in luxury inventory, particularly in Park City areas with easy ski access and strong rental potential.
2026 is shaping up to be one of our healthiest, most balanced years in recent memory.
How I Can Help
If you’re considering buying, selling, or investing in Heber City, Midway, Park City, or anywhere across Wasatch & Summit County, I’d love to help you make an informed decision.
Whether you want to run the numbers, compare neighborhoods, or time the market just right—I’ve got the tools (and the data) to guide you confidently.
