Recent rolling three-month data in Southeast Provo shows a market that has become much more active in a short time, with notable changes since early spring. Homes sold jumped sharply month over month, while pending sales rose even faster, signaling stronger buyer engagement. Active listings and new listings also climbed, giving buyers more options than they had just a few months ago. At the same time, the median list price surged, pointing to higher seller expectations and a shift toward higher-priced inventory.
Looking back one year for context, typical home values in Southeast Provo are up modestly, rising a bit over the past 12 months. The number of homes sold increased compared with a year ago, while pending sales grew at a faster pace, suggesting more deals are moving toward closing than last year. Inventory has expanded, with active listings up year over year, and months of supply higher than a year ago even after a recent pullback.
Competition has become more nuanced, as the average sale-to-list ratio is near 100 percent and the share of homes selling above list is up from last year but still below some earlier peaks. Homes now spend more days on market than a year ago, yet about one-third go off market within two weeks, highlighting a split between quickly moving and slower-moving properties. Compared with the broader Provo market, Southeast Provo currently has somewhat lower typical values and more months of supply, offering a different balance of price and selection. Buyers and sellers who want to navigate these shifting conditions can turn to Agent Pronto to connect with a local agent who understands Southeast Provo’s dynamics.
