Market analytics · June 2026 archive
Cedar City, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
June 2026 · Market Analysis
Cedar City buyers showed up in June — 82 closings, the strongest month since last December.
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June 2026 was a demand story in Cedar City. Closings jumped to 82 — up 30% from May's 63 and 55% above June 2025's 53 — the clearest sign yet that buyers who had been sitting on the sidelines through a choppy spring finally moved. The active shelf held at 337 homes, giving shoppers real options, and the sale-to-list ratio ticked up to 99.51%, meaning the homes that did close went for very close to asking price. One nuance worth noting: the median sold price of $382,450 sits well below the median list price of $429,000, which tells you the active inventory is priced higher than what's actually clearing — buyers shouldn't anchor to asking prices when evaluating value.
Market pulse
The volume swing over the past six months has been striking. Closings fell to just 37 in January, recovered to 62 in March, stalled near that level through April and May, then broke higher to 82 in June — the biggest single-month jump in this run. Days on market settled at a median of 43 in June, down from 34 in May but well below the 61–79 day range that defined January through March. The sale-to-list ratio improved to 99.51%, the best reading since January, and 46 of 82 closings went at or above list price — a meaningful shift from May, when only 22 of 63 did. Active inventory edged up to 337 from 332 in May, essentially flat, suggesting new listings are being absorbed at roughly the same pace they're arriving.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% monthly average, reaching 6.66% in June and pushing further to 6.875% today — a rise of 0.74 percentage points over that span. That trajectory has added real dollars to monthly payments, though it hasn't stopped buyers from closing: June's volume proves demand exists at these rates, even if it's more selective. FHA at 6.375% and VA at 6.5% remain meaningful alternatives for qualifying buyers, particularly first-timers competing in Cedar City's under-$400K segment.
Payment math
At $382,000 — June's median sale price — financing with 20% down at today's 6.875% rate produces a monthly principal-and-interest payment of $2,010, which is $25 more than 30 days ago when rates sat at 6.75%, and $148 above the $1,862 payment buyers would have locked in during February when the 30-year averaged 6.14%.
If you're buying
The under-$400K segment drove June's volume — 45 of 82 closings landed there, with a median sale of $280,000. Cottonwood Hollow PUD was the most active named community, with 6 closings at a median of $255,000 and just 10 days on market, so competition there is real. For buyers who want more negotiating room, look at homes sitting past 60 days on market in the $400K–$700K band, where the median days on market was 49 and 36 of 82 total closings involved a prior price reduction — those sellers have already shown flexibility.
If you're selling
June's 99.51% sale-to-list ratio is encouraging, but it reflects homes that closed — not the 337 still sitting active. The gap between the median list price ($429,000) and the median sold price ($382,450) is real: the active shelf is priced about $47,000 above what's actually clearing. If your home is in the $400K–$700K range and hasn't moved in 45+ days, that gap is your signal to reprice now rather than wait for a summer offer that may not come. Sellers in Saddle Back Ridge and Black Sage, where June closings came in at $1,050,000 and $727,505 respectively, are in a thinner market — luxury buyers here are patient, so condition and presentation matter more than timing.
Outlook
With 337 active listings and 102 new listings added in June, Cedar City heads into July with a well-stocked shelf. At June's closing pace it would take about four months to sell through current inventory — a balanced-to-slightly-buyer-favoring position. Rates have continued climbing into July and August per recent averages, which may temper the momentum June showed; buyers who qualified comfortably at 6.5% will want to recheck their numbers at 6.875% before writing offers. Cedar City has historically attracted retirees and remote workers priced out of St George, and that migration pattern tends to sustain summer demand even when Wasatch Front markets slow — but the rate climb is a real headwind to watch.
Watch for
At the current pace of new listings running near 100 per month, if closings pull back toward the 55–63 range seen in April and May, active inventory likely climbs past 380 by September and the sale-to-list ratio drifts back toward the 97%–98% range — shifting more negotiating leverage to buyers.
"Cedar City's June rebound: buyers returned in force, even as rates kept climbing and the shelf stayed full."
Common questions about Cedar City this month
Is Cedar City a buyer's or seller's market in June 2026? ▾
It's closer to balanced, with a slight edge to sellers on homes that are priced right. The 99.51% sale-to-list ratio and 46 of 82 closings at or above list price show real competition for well-priced homes. But 337 active listings and a $47,000 gap between median list and median sold price mean buyers have leverage on anything that's been sitting — especially in the $400K–$700K range.
Why did so many homes close in June compared to May? ▾
June's 82 closings — up from 63 in May — likely reflect a combination of spring contracts finally clearing and buyers who had been waiting through a slow March and April finally committing. The under-$400K segment was the engine: 45 of 82 closings landed there, compared to 24 in May. Communities like Cottonwood Hollow PUD, with 6 closings at a median of $255,000, show where the demand concentrated.
Are Cedar City home prices rising or falling? ▾
The median sold price in June was $382,450, down from May's $504,990 — but that swing is largely a mix shift, not a true price drop. June had far more closings in the under-$400K band (45 homes) than May did (24 homes), which pulls the overall median down. The $400K–$700K segment's median held near $510,000 in June, consistent with recent months.
How does Cedar City compare to St George for buyers right now? ▾
Cedar City generally offers lower entry prices — June's median closed at $382,450 versus St George's higher price points — making it an increasingly common alternative for retirees and remote workers who want southern Utah's lifestyle without the St George premium. The trade-off is a smaller job market and longer drive times to major services, but for buyers focused on affordability, Cedar City's under-$400K segment is meaningfully more accessible.
Should I wait for rates to drop before buying in Cedar City? ▾
Rates have moved from 6.14% in February to 6.875% today, and recent monthly averages suggest they've stayed elevated into summer. Waiting for a significant rate drop is a timing bet with no guaranteed payoff — and June showed that 82 other buyers decided not to wait. If the payment at today's rate works for your budget, the inventory is there and sellers on homes past 60 days are negotiating; if it doesn't, an FHA loan at 6.375% may close the gap.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ list price — buyer/seller leverage
Days on Market
Median days from listing to under contract
Price Volume
Total dollar volume — active · new · sold per month
June 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
82 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 44 · 25th percentile 10 · 75th percentile 83
Needed a price change
Sold listings that had a recorded price change before close
36 of 82 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Cottonwood Hollow Pud 6 sold · $255K · 10d
- 2. Cottonwood Hollow 2 sold · $362K · 9d
- 3. Saddle Back Ridge 1 sold · $1,050K · 46d
- 4. Black Sage 1 sold · $728K · 0d
- 5. Crescent Hills 1 sold · $620K · 11d
June 2026 by property type
How each housing type performed last month — 82 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 82 | 53 | +54.72% | 349 | 284 | +22.89% |
| Median Sale Price | $382,450 | $398,999 | -4.15% | $430,490 | $396,438 | +8.59% |
| Median DOM | 44 | 69 | -36.23% | 55 | 50 | +10.00% |
| Sale-to-List Ratio | 99.51% | 98.22% | +1.31% | 98.96% | 98.51% | +0.46% |
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.