Thinking of Listing? Salt Lake Valley Prices Hold as Inventory Rises.

Bottom line: Inventory is higher than a year ago and that’s cooling price growth—but it hasn’t forced prices down quickly because buyers are still price-sensitive and many sellers would rather wait than cut deeply. Mortgage rates held steady this week, and monthly payments are easing from spring peaks, which is slowly pulling some buyers back. Freddie MacRedfin

What moved this week

• Rates held at ~6.58% (30-yr fixed). Freddie Mac’s weekly survey shows the average 30-year fixed stayed flat at 6.58% for the week ending Aug 21—the lowest band in roughly 10 months. Freddie Mac

• Monthly payments fell to multi-month lows. Redfin reports the typical monthly payment dipped to the lowest since January, down ~$200+ from May’s peak, thanks to lower rates and slightly better inventory. Redfin

• Mortgage applications eased. After a jump the prior week, MBA’s latest weekly survey (through Aug 15) shows applications −1.4%—buyers remain rate- and price-sensitive. MBA

• Existing-home sales ticked up. July existing-home sales rose 2.0% (SAAR 4.01M), inventory improved to 1.55M (4.6 months), and the median price was $422,400—up 0.2% YoY but off June’s record. This is the first time in a while we’ve seen sales rise alongside better supply. National Association of REALTORS®+1

• Realtor.com’s weekly tracker: Prices were flat for a second straight week and new listings ran higher than last year, reinforcing the “more supply, slower price growth” story. Realtor+1

What this means in the Salt Lake Valley

• Time to sell varies by micro-market. July data show Salt Lake City proper at ~39 median days on market, while Salt Lake County overall ran closer to ~55 days. Neighborhoods swing: 84105 ~44 days, 84117 ~57 days, University District ~68 days—so pricing precision matters right now. Realtor+4Realtor+4Realtor+4

• Buyers have more leverage—but only on overpriced or dated listings. With more choices and lower payments than in May, buyers are choosier; well-priced, move-in-ready homes still move quickly, while aspirationally priced homes sit and need concessions. (This aligns with the national and weekly trends above.) RedfinRealtor

Should you sell now or wait?

Here’s a simple, seller-focused framework for late August:

Sell now if…

• Your home is updated (paint, lighting, flooring) or lightly refreshed and you can price in the current comp range—you’ll capture sticky values while competition is rational.

• You’re willing to offer strategic concessions (e.g., rate buydown or closing costs) instead of cutting list price. Today’s buyers respond to payment-focused incentives. Realtor

Consider waiting if…

• You’ll complete meaningful improvements in the next 30–60 days that change your price tier (kitchen/bath refresh, curb appeal, HVAC/roof items).

• You’re targeting a specific school-year buyer and your sub-market’s fall inventory historically thins (we’ll verify this with WFMLS absorption reports for your neighborhood).

Pricing + timing in 2025 = micro-market math

Headlines are averages. Your outcome hinges on active competition within 0.5–1.0 miles, pending prices this month, and how your condition stacks up. I’ll pull Realtor-side WFMLS reports the public can’t access—absorption by price band, days-to-offer, list-to-sale ratios, and concession prevalence—to model:

1. List-now plan (expected DOM + likely concession range + net)

2. Wait-60-days plan (how rates/inventory shifts could change your net)

3. “Make-ready” plan (ROI on specific fixes before listing)

Quick Seller To-Dos (this week)

• Right-price from day one. With DOM stretching in several SLC ZIPs, chasing the market down is costlier than launching at the right number. Realtor+1

• Lead with presentation. Small, fast updates + great photos will beat stale listings even when inventory rises.

• Use payment-based incentives. A targeted rate buydown can widen your buyer pool more effectively than an equivalent price cut. Realtor

Let’s get you a precision read for your address

I’ll build a Pricing & Timing Brief for your property with:

• WFMLS absorption + DOM trend for your price tier

• This week’s active + pending competitors

• Modeled net under three strategies (list now, wait, make-ready)

Call/Text: 385-503-3224
Website: TashaRodriguez.com

Sources (past week + latest monthly releases)

• Freddie Mac PMMS (week of Aug 21, 2025): 30-yr fixed 6.58%; rates flat. Freddie Mac+1

• Redfin Weekly (Aug 21, 2025): Monthly payments at 10-month low; ~$224 below May peak. Redfin

• MBA Weekly Applications (week ending Aug 15, 2025): −1.4% WoW. MBA

• NAR Existing-Home Sales, July 2025: Sales 4.01M SAAR (+2.0% MoM); median price $422,400; 4.6 months supply; inventory 1.55M. National Association of REALTORS®+1

• Realtor.com Weekly Trends (through Aug 16, 2025): Prices flat, new listings up vs. 2024. Realtor+1

• Local DOM (July 2025): Salt Lake City ~39 days; Salt Lake County ~55 days; ZIP snapshots 84105 ~44, 84117 ~57, University District ~68. Realtor+4Realtor+4Realtor+4