Utah’s Buy-Side Real Estate Market: Q1 2026 Analysis

Utah Market Snapshot: Q1 2026

Utah’s single-family market ran below the prior year’s supply pace throughout the first quarter of 2026, with the gap widening as the quarter progressed. Active inventory rose modestly, climbing from 8,286 homes in January to 8,655 in March, a 4.4 percent gain over three months. Months of supply opened at 4.8 in January, 0.1 months below January 2025’s 4.9, then declined to 4.0 in February and 3.5 in March. The largest year-over-year divergence came in March, when Q1 2026 supply of 3.5 months ran 0.5 months below March 2025’s 4.0. All three readings remained well below the 6-month balanced-market benchmark, sustaining firmly seller-favorable conditions throughout the quarter.

Median sale prices showed variability across the quarter. The median opened at $614,500 in January, dipped slightly to $611,200 in February, and closed at $620,700 in March, a modest 1.0 percent gain over three months. Days on market declined substantially from January to March, falling from 75 days to 76 in February before compressing sharply to 53 in March. The 23-day improvement from February to March reflects a strong acceleration of buyer activity into spring.

Year-over-year comparisons confirm that Utah’s Q1 2026 maintained tighter supply than Q1 2025 at every point in the quarter. Inventory was essentially flat year-over-year by March at plus 0.4 percent, and supply ended 0.5 months below the prior year. The median sale price declined marginally, down 0.8 percent from $625,900 in March 2025 to $620,700 in March 2026. Days on market were just 1 day longer year-over-year in March, the smallest DOM gap of any month in the quarter. The combination of flat inventory, tighter supply, and stable pricing points to a market in equilibrium at elevated price levels.

Utah’s Top 25 Buyer’s Agents and Teams: Q1 2026 Rankings

Agent Pronto/CINC has ranked Utah’s top 25 buyer’s agents and teams based on total transaction volume in Q1 2026. This proprietary buy-side data reveals both high-volume operators and luxury specialists who dominate Utah’s diverse real estate market.

What the Data Shows

Utah’s top 25 is anchored by luxury specialization. Sixteen agents carry median prices at or above $2 million, six fall between $500,000 and $1 million, two sit between $1 million and $2 million, and one operates below $500,000. J. Stephen Jeffers leads the rankings with 5 closings at a $3.6 million median for $38.4 million in total volume. Michelle P Eastman (rank 2, 3 closings, $6.5 million median) and Ryan McLaughlin (rank 3, 6 closings, $3.0 million median) follow with totals of $25.0 million and $21.4 million respectively. The most concentrated single-transaction luxury entries come at ranks 6, 8, and 9: Justin Kelley closed 1 transaction at a $14.5 million median for $14.4 million total, Jeffrey Spencer generated $13.8 million from a single $13.8 million closing, and Dallin Quinn posted $13.5 million from one closing at the same price point. These entries illustrate how Utah’s ultra-luxury segment produces top-ten dollar-volume totals from a single transaction.

A cohort of higher-volume agents reaches the rankings through transaction frequency at more moderate price points. Chase W Ames ranks fourth with 30 closings at a $468,000 median for $16.5 million in total volume, the highest closing count in the state. Jared Hansen (rank 14, 15 closings, $592,000 median) and Ivet L Armendariz (rank 12, 14 closings, $570,000 median) follow the same volume-driven approach, each generating totals above $10 million through consistent production near the statewide median. Cooper Murphy (rank 19, 11 closings, $573,000 median) and Gian Sexsmith (rank 23, 9 closings, $732,000 median) round out the volume cohort. In Utah’s dollar-volume ranking, these agents reach the top 25 through transaction frequency at mid-market prices rather than through the high individual transaction values that define the luxury tier above them.

Utah’s top 25 spans median prices from $468,000 to $14.5 million and closing counts from 1 to 30. The contrast between the extremes illustrates how dollar-volume rankings work in a state with an active luxury segment: a single $14.5 million transaction outranks agents with 14 or 15 closings at $570,000 to $592,000 medians. The top 25 is a high-producer slice that captures Utah’s dual market character, where premium resort and urban properties generate outsized single-transaction totals alongside a mid-market segment served by high-frequency operators.

Conclusion

Utah’s first quarter of 2026 ran tighter than Q1 2025 throughout, with months of supply declining to 3.5 in March, 0.5 months below the prior year, as inventory held nearly flat at plus 0.4 percent year-over-year and prices stayed stable near $621,000. The top 25 buyer’s agents and teams closed 144 transactions across median prices spanning $468,000 to $14.5 million. The list captures Utah’s split market character, with luxury specialists generating top-tier totals from a small number of premium transactions and a cohort of high-volume operators sustaining mid-market production at scale.

Data Sources:

Market Data: Provided by Redfin, a national real estate brokerage.

Buy-Side Transaction Data: Provided exclusively by Agent Pronto/CINC, the industry's leading source for buyer's agent and team performance intelligence. Agent Pronto/CINC aggregates buy-side transaction data nationwide to deliver comprehensive rankings and performance metrics.

Disclaimer: While Agent Pronto/CINC makes every effort to ensure data accuracy, rankings are based on available transaction records and may not capture all buy-side activity. Agents or teams not included in these rankings may have comparable or superior performance not reflected in our data sources.

Analysis Period: January 2026 - March 2026