Market analytics · June 2026 archive
Draper, 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
Draper's summer pace slows as inventory builds and buyers gain negotiating room.
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After two months of near-instant closings — 8-day medians in both April and May — Draper's June market shifted noticeably. Median days on market rose to 14 in June, still quick by historical standards but a clear signal that the frictionless spring sprint has cooled. Closings fell to 31, down from 42 in May and well below June 2025's 47, while active inventory climbed to 147 homes — up from 120 in May and 13% above the 130 active listings a year ago. The gap between what sellers are asking ($899,900 median list) and what buyers are paying ($799,625 median sale) is now roughly $100,000, which tells you the active shelf is priced above where deals are actually closing.
Market pulse
The spring compression story has reversed. Days on market ran at just 8 in both April and May — the fastest stretch in the past year — but June's 14-day median marks a clear step back toward a more measured pace. The sale-to-list ratio slipped to 97.77% in June, down from May's 99.75%, meaning buyers are now negotiating an average discount of roughly 2.2 cents on the dollar rather than paying near asking. Active inventory has grown every month since February's low of 73 homes, reaching 147 in June — more than double that February count. Nine of the 31 June closings involved a seller price reduction before the deal closed, the first month this year with a meaningful read on that figure.
Mortgage context
The 30-year rate has climbed steadily since February's 6.14% average, reaching 6.66% in June and now sitting at 6.875% — a 0.74 percentage point climb from that February low. That trajectory matters in a city where the median home clears $800,000: each step up in rates meaningfully narrows the pool of qualified buyers. The 30-day move alone — up 0.125 percentage points from 6.75% — added $53 to the monthly principal-and-interest payment, a modest increment that compounds on top of the larger climb since winter.
Payment math
At $800,000 with 20% down, the monthly principal-and-interest payment runs $4,202 at today's 6.875% rate — $53 more than 30 days ago at 6.75%, and $309 above February's low when rates averaged 6.14% and that same loan would have cost $3,893 a month.
If you're buying
Target listings that have been sitting 30 days or longer — the sale-to-list ratio on slower-moving homes is tracking well below the market average, and sellers in that group are the ones willing to negotiate. South Mountain is worth a close look: 4 homes closed there in June at a median of $435,000, with a 43-day median time on market, suggesting sellers in that community have more flexibility than the overall Draper numbers imply. With 147 active listings and only 31 closings last month, you have real selection — don't let a well-priced new listing pressure you into skipping due diligence.
If you're selling
Price to where deals are closing, not where active listings are sitting — the $100,000 gap between the median list price and the median sale price is a real warning. Homes in Bellevue and Meadows closed in the $1.3M–$1.45M range in June with 20-day medians, which shows the upper end can still move quickly when priced correctly. If your home isn't differentiated by condition, views, or lot, plan for a 2–3% discount from list and build that into your initial ask rather than chasing the market down with a price cut.
Outlook
Inventory is likely to stay elevated through July and August as new listings continue running above 70 per month — the pace that pushed active count from 73 in February to 147 today. Buyers who've been priced out of Sandy or South Jordan along the I-15 corridor may find Draper's growing selection increasingly attractive, but the rate environment at 6.875% keeps monthly payments steep enough to limit the pool. Expect days on market to drift modestly higher and the sale-to-list ratio to hold in the 97–98% range unless rates pull back meaningfully.
Watch for
At the current pace of new listings — 78 in June alone — active inventory could cross 175 homes by late August if closings stay near 31 per month, which would push the sale-to-list ratio toward the low 97% range and give buyers even more room to negotiate on price.
"Faster than winter, softer than spring — Draper's June balance tips toward buyers for the first time this year."
Common questions about Draper this month
Is Draper a buyer's or seller's market in June 2026? ▾
It's shifting toward buyers. Active inventory reached 147 homes while only 31 closed in June — at that pace it would take about 4.7 months to sell everything currently listed. The sale-to-list ratio dropped to 97.77%, meaning most buyers are negotiating below asking price, and 9 of 31 closings involved a seller price reduction before the deal was done.
Why are fewer homes closing in Draper this June compared to last year? ▾
June 2025 saw 47 closings; June 2026 had 31 — a 34% drop. The 30-year rate has climbed from roughly 6.14% in February to 6.875% today, adding $309 to the monthly payment on a median-priced home compared to that winter low. That rate climb has reduced the pool of buyers who can qualify at Draper's price points, which skew heavily above $700,000.
What's happening in South Mountain — is it still the most active neighborhood? ▾
South Mountain led June with 4 closings, but the median sale price there was $435,000 and homes sat a median 43 days before closing — notably slower than the overall market's 14-day median. That suggests the South Mountain closings were concentrated in the lower end of the community's price range, and sellers there are working harder to find buyers than the headline numbers suggest.
How does the $100,000 gap between list price and sale price affect my offer strategy? ▾
The median list price in June was $899,900 while the median sale price was $799,625 — a gap of roughly $100,000. That doesn't mean every home sells $100K under asking, but it does mean the active inventory is collectively priced above where deals are clearing. Anchor your offer to recent comparable sales rather than current asking prices, especially on homes that have been listed more than 30 days.
Are jumbo loans a concern for Draper buyers given the price range? ▾
Yes — with a median sale price around $800,000 and many closings well above $1 million, a significant share of Draper buyers need jumbo financing. The current jumbo rate is 7.0%, a quarter-point above the conventional 30-year rate of 6.875%, which adds roughly $160 per month on a $1 million loan compared to a conforming product. Buyers in the over-$700K band — which accounted for 17 of 31 June closings — should shop jumbo lenders specifically rather than assuming their conventional pre-approval rate applies.
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
31 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 14 · 25th percentile 9 · 75th percentile 36
Needed a price change
Sold listings that had a recorded price change before close
9 of 31 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. South Mountain 4 sold · $435K · 43d
- 2. Bellevue 2 sold · $1,449K · 20d
- 3. Meadows 2 sold · $1,303K · 20d
- 4. The Cove At Bear Can 1 sold · $2,200K · 27d
- 5. Oak Vista 1 sold · $1,550K · 9d
June 2026 by property type
How each housing type performed last month — 31 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 31 | 47 | -34.04% | 224 | 215 | +4.19% |
| Median Sale Price | $799,625 | $895,000 | -10.66% | $838,182 | $870,656 | -3.73% |
| Median DOM | 14 | 15 | -6.67% | 24 | 21 | +14.29% |
| Sale-to-List Ratio | 97.77% | 98.63% | -0.87% | 98.64% | 98.48% | +0.16% |
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.