The warm winter and spring, led us to believe
That the frosty cold weather, had taken it’s leave
So on April 25th, we planted tomatoes
Feeling optimistic, like they were potatoes
Within a couple days, it went from 80 to 40
The decision to plant early, seemed to be made poorly
So on a frosty night, we covered the plants with black bags
And poked holes in the top, so the plants wouldn’t gag
The next evening we poured warm water down on the ground
Close to the plants, within a foot, all around
Bags on at night, to keep the frost away
Remove the bags in the morning, the very next day
…This was all possible due to a superior tomato cage
Wider at the bottom in a heavy wire gauge….
The plants were prospering, with little tomatoes on the vine
We watched them grow, more tomatoes coming all the time
They started tuning red, they love the sun and blue sky
We ate our first Early Girl, on the first of July
Goes to show, you don’t know until you try
Tomatoes a month early, and we did it on the fly
Meanwhile, we just finished up the 2nd quarter for Salt Lake County residential real estate sales, so let’s go over the numbers.
2nd Quarter Median Price Change in Salt Lake County
The median price of a single family home in Salt Lake County saw a modest increase of 3.5%, from $623,000 in the 2nd quarter of 2025 to $645,000 in the 2nd quarter of 2026.
This is the highest median price we’ve ever seen, beating the previous record of $637,000 at the peak of the market in the 2nd quarter of 2022.
There are currently 1,942 homes for sale and 973 homes under contract in Salt Lake County, which is about 60 days of inventory. Last year at this time there was 67 days of inventory and at the end of the 2nd quarter 2024, there was 49 days of inventory.
The median price of a condo/townhome in Salt Lake County decreased 3.0%, from $435,000 in the 2nd quarter of 2025 to $422,000 in the 2nd quarter of 2026.
There are currently 1,346 condo/townhomes for sale and 466 under contract in Salt Lake County, which is about 87 days of inventory. Last year at this time there was 81 days of inventory and at the end of the 2nd quarter 2024, there was 51 days of inventory.
Inventory of condos in downtown Salt Lake City is even higher, with 108 units for sale and just 16 units under contract. That’s 202 days of inventory,
I said this last year and I’ll say it again, this is the highest condo/townhome inventory that we’ve seen in over five years and the condo market is definitely a Buyer’s Market right now, especially in downtown SLC.
Interest Rates & Inflation:
The Consumer Price Index (CPI) was at 4.3% in May 2026, the highest it’s been since May 2024. It had been at 2.4% earlier this year in January and February, but it started going up in March due to the increase in the cost of energy, associated with the conflict in Iran.
And with increasing inflation, comes increasing interest rates. The 30-year mortgage rate had been at a three year low on February 26, 2026, at an average of 5.98%. Today the average rate is at 6.43%.
The Federal Reserve has not lowered the Benchmark rate since December 2025, to help fight inflation.
If you or someone you know has any questions about buying or selling real estate in the Salt Lake metro area, if you’re wondering what your home is worth, or if you need a contractor referral, I’d love to hear from you!
