Why Inventory Is Still Tight — and What That Means for Sellers

by Cardon Benjamin VanOrman

Why Inventory Is Still Tight — and What That Means for Sellers

If there are more homes being built, why does the housing market still feel tight?
Even as new listings appear, many areas across Northern Utah continue to face low active inventory. This creates both opportunities and challenges — especially if you’re thinking about selling soon.

Here’s what’s really driving the inventory shortage and how you can turn it to your advantage.

1. Homeowners Are Holding Onto Low Rates

Many homeowners who bought or refinanced between 2020–2022 are sitting on historically low mortgage rates — often under 4%.
Trading that for a higher rate today can mean hundreds more per month, so many would rather stay put.
That decision keeps a significant portion of homes off the market, even when their owners might otherwise move.

2. Slower Construction Can’t Fill the Gap

While Northern Utah has seen solid new construction growth, it’s still not keeping pace with long-term demand.
Builders face higher costs, longer timelines, and limited land in some counties.
That means fewer completed homes are hitting the market — especially in affordable price ranges where demand is strongest.

3. Buyer Demand Remains Steady

Even with higher rates, Northern Utah continues to attract buyers thanks to its strong job market, outdoor lifestyle, and proximity to Salt Lake and Ogden metros.
Relocation buyers, in particular, keep competition steady — especially for updated, move-in-ready homes.

4. What This Means for Sellers

Low inventory means:

Less competition from other listings
More visibility for your property
Potentially higher offers when priced correctly

If your home shows well and is priced strategically, there’s a strong chance it will draw attention quickly.

5. The Bottom Line

Until more homeowners list or builders catch up with demand, inventory will likely stay below normal levels.
That makes early 2026 a promising window for sellers who want to move before supply increases.

Final Takeaway

If you’ve been waiting for the “perfect time” to sell, low inventory means your opportunity might already be here. Serious buyers are still searching — and your home could be exactly what they’re waiting for.