Market analytics · June 2026 archive
Farmington, 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
Farmington's active listings top 80 as Station Park closings slow to a crawl.
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Active listings in Farmington reached 81 in June 2026, up from 60 in May and 54 in April — the sixth straight monthly climb since December's 43. Only 13 homes closed, down from 19 in May and well off the 24 that sold in June 2025, even as 38 new listings came on. That combination — more homes sitting, fewer selling — is the story this month, not the median price.
Market pulse
Inventory has climbed every month since December's 43 — 44 in January, 46 in February, 52 in March, 54 in April, 60 in May, and now 81 in June — while closings have gone the other way, from 23 in April to 19 in May to just 13 in June. Days on market ticked back up too, from a low of 3 in May to 21 in June, and the sale-to-list ratio at 100.29% shows some homes still hitting asking, but the sold-below-list count (7 of 13) tells a different story underneath. Station Park, typically Farmington's most active subdivision, managed only 2 closings this month, a marked slowdown from its usual pace.
Mortgage context
The 30-year rate has climbed from 6.19% in February to 6.66% in June and now sits at 6.875%, up 0.25 percentage points in the past 30 days from 6.625%. That 30-day move alone adds $83 a month to the payment on a median-priced Farmington home, and it's part of why fewer buyers are chasing the growing supply of listings.
Payment math
A median-priced Farmington home at $625,000 with 20% down now runs $3,285 a month in principal and interest at 6.875%, up $83 from $3,202 just 30 days ago at 6.625%, and $226 above the $3,059 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With 81 homes now active against just 13 June closings, buyers have more to choose from than any month since at least last December — target the over-$700K band, where median days on market stretched to 32 and 6 of 13 sales that band cleared last month. Use the 5 price-reduced listings this month as a starting point for offer conversations, since that's a real signal now that the price-change field is populated for 2026-05 onward.
If you're selling
Pricing to last spring's near-100% sale-to-list ratio risks a long sit — with inventory at 81 and only 13 sales, competition among sellers is the highest it's been in this six-month window. Homes in the 400-700k band that stay tight to the $589,990 median and price like May's price-reduced listings are moving fastest; anything priced off Station Park or Chestnut Farms comparisons from earlier this year needs a fresh look given how much supply has built since April.
Outlook
Expect inventory to keep building through midsummer if new listings keep running near 38 a month while closings stay in the mid-teens — that combination usually pushes sellers toward price adjustments by August. Rates near 6.875% with no sign of pulling back give buyers less urgency to compete for the 81 active listings, which should keep days on market elevated past June's 21-day median into late summer.
Watch for
If new listings keep outpacing closings at June's ratio — 38 new against 13 sold — active inventory could push toward 100 homes by September, putting more pressure on sellers to cut price rather than hold firm near list.
"Farmington's inventory build finally outpaces its buyers."
Common questions about Farmington this month
Is Farmington a buyer's or seller's market in June 2026? ▾
Inventory of 81 active listings against just 13 June closings favors buyers more than any month in the past six. Sellers are still hitting near-asking prices on some homes (the sale-to-list ratio sits at 100.29%), but 7 of 13 June sales went below list, suggesting the headline ratio masks real negotiating room.
Why did Farmington home sales slow down in June? ▾
Only 13 homes closed in June 2026, down from 19 in May and 24 in June 2025, even as active listings climbed to 81. Rising mortgage rates (now 6.875%, up from 6.19% in February) are part of the story, and Station Park, usually one of the busiest subdivisions, only produced 2 closings this month.
How much has the mortgage rate increase affected payments on a Farmington home? ▾
On the $625,000 median-priced home, the monthly payment at 6.875% runs $3,285 with 20% down, up $83 from just 30 days ago and $226 above the $3,059 payment available in February when rates averaged 6.19%. That's a meaningful add to the monthly cost of entry over the past few months.
Are homes selling below asking price in Farmington right now? ▾
Yes for a majority of June closings — 7 of the 13 homes that sold went below list price, compared to only 4 above and 2 at list. That's a shift from January and February, when above-list and at-list sales were roughly balanced with below-list totals.
Is now a good time to sell a home in Farmington? ▾
With active listings at 81 and closings down to 13 in June, sellers are facing more competition than earlier this spring. Homes priced close to recent comparable sales in the $400,000-$700,000 band, like the $589,990 June median, are still moving in around 10 days, while overpriced listings above $700,000 are sitting closer to a month.
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
13 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 21 · 25th percentile 9 · 75th percentile 43
Needed a price change
Sold listings that had a recorded price change before close
5 of 13 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. Station Park 2 sold · $595K · 30d
- 2. Residence At Farmington Hills Ph 1 1 sold · $2,887K
- 3. Mountain View Estates 1 sold · $1,057K
- 4. Farmington Ranches 1 sold · $860K · 32d
- 5. Steed Place 1 sold · $835K · 12d
June 2026 by property type
How each housing type performed last month — 12 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 13 | 24 | -45.83% | 100 | 139 | -28.06% |
| Median Sale Price | $625,000 | $631,613 | -1.05% | $665,804 | $628,557 | +5.93% |
| Median DOM | 21 | 19 | +10.53% | 19 | 21 | -9.52% |
| Sale-to-List Ratio | 100.29% | 99.19% | +1.11% | 99.29% | 99.21% | +0.08% |
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.