Market analytics · July 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
July 2026 · Market Analysis
Farmington's for-sale shelf hits 87 homes as summer closings shrink to 12.
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Active listings in Farmington jumped to 87 in July 2026, up from 64 in June and more than double February's 44 — the sharpest one-month climb in this data. Only 12 homes closed, the lightest month of the past year and just 67% of the typical 18 sales this time of year, even though 37 new listings came onto the market. This is a market where the shelf is filling faster than buyers are clearing it.
Market pulse
Inventory has now climbed five of the last six months — 44 in February, 50 in March, dipping to 46 in May, then 64 in June and 87 in July — while closings have moved the other direction, from 23 in April to 19 in May to 13 in June and just 12 in July. Days on market actually tightened, with the median falling to 14 in July from 21 in June, though that's a smaller and more volatile sample given how few homes sold. Sale-to-list slipped to 97.77%, the lowest reading of the past six months, and nine of the twelve July closings sold below asking. The over-$700K band held a 16-day median, while the 400-700K band moved even faster at 6 days — a sign that the slowdown is concentrated in overall volume, not pace, for whatever does sell.
Mortgage context
The 30-year rate has climbed steadily from 6.19% in February to 6.79% in July, adding real cost to every purchase since spring. It held flat over the past 30 days at 6.75%, so the affordability squeeze here isn't a sudden shock — it's the cumulative six-month climb that's kept some buyers on the sidelines. That steady rate is a bigger factor in July's thin closing count than any change in the past month alone.
Payment math
A median-priced $627,000 home here, financed with 20% down, runs $3,256 a month in principal and interest at today's 6.75% rate — unchanged from 30 days ago since rates held flat — but that's $185 more than the $3,071 payment buyers locked in back in February 2026, when the 30-year averaged 6.19%.
If you're buying
With 87 homes active against just 12 closings, you have room to negotiate — nine of July's twelve sales closed below list. Look hardest at the $400-700K band, where median days on market is just 6, meaning well-priced homes there still move fast even as the rest of the shelf sits. Farmington Crossing sold at a median $366,000 this month, a useful anchor if you're cross-shopping that price range against Kaysville or Layton.
If you're selling
Sixty-seven percent of the past year's typical July sales volume closed this time, so don't price against last spring's pace — price against what's actually on the shelf right now. With sale-to-list at 97.77%, listing at or slightly below recent comparable sales (like the $600,000 median in the 400-700K band) will get you looked at instead of scrolled past. If you're above $700K, expect to compete on condition and staging, not just price, since that band held at a 16-day median.
Outlook
Expect the inventory count to keep climbing into early fall unless closings pick up — 37 new listings a month against roughly a dozen sales a month is not a pace that clears the shelf. Rates near 6.75-6.79% likely keep some buyers cautious through Labor Day, and sellers who need to move should expect to negotiate, given nine of twelve July sales went below list. If closings stay under 15 a month through September, look for sale-to-list to drift further below 98%.
Watch for
If new listings keep landing near July's 37 a month while closings stay near 12, the months-to-sell-through-inventory figure — already elevated this month — likely keeps climbing into fall, pushing sellers toward earlier price cuts.
"Farmington's inventory keeps building while buyers keep waiting."
Common questions about Farmington this month
Is Farmington a buyer's or seller's market in July 2026? ▾
Buyers have more leverage than they've had all year. Active listings reached 87, the highest of the past six months, while only 12 homes closed and 9 of those sold below asking. Sale-to-list fell to 97.77%, the softest reading since at least February.
Why did so few homes sell in Farmington this July? ▾
Only 12 homes closed, well below the typical 18 for this time of year and down from 19 in May. Rates have climbed steadily from 6.19% in February to 6.79% in July, and that cumulative cost increase appears to be keeping some buyers out even as new listings kept coming.
How much has the rate climb added to a typical Farmington mortgage payment? ▾
On the $627,000 median home with 20% down, the payment sits at $3,256 a month at today's 6.75% rate, compared with $3,071 back in February 2026 when rates averaged 6.19% — an increase of $185 a month for the same house.
Are homes selling faster or slower in Farmington right now? ▾
Days on market actually improved, with the median falling to 14 days in July from 21 in June, and the 400-700K price band moved in just 6 days. But that's a smaller sample of only 12 sales, so it reflects what did sell more than overall demand.
Which Farmington neighborhoods are seeing activity this summer? ▾
Farmington Crossing led July with 2 closings at a median $366,000, while single sales closed in Hughes Estates, Spring Creek Estates and Hunters Creek at higher price points. Volume overall was thin, so no single subdivision dominated the month the way Station Park has in prior months.
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
July 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
12 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 14 · 25th percentile 11 · 75th percentile 16
Needed a price change
Sold listings that had a recorded price change before close
1 of 12 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. Farmington Crossing 2 sold · $366K · 15d
- 2. Hughes Estates 1 sold · $1,300K
- 3. Spring Creek Estates 1 sold · $935K
- 4. Hunters Creek 1 sold · $760K
- 5. Somerset Farms 1 sold · $640K
July 2026 by property type
How each housing type performed last month — 12 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 12 | 11 | +9.09% | 112 | 150 | -25.33% |
| Median Sale Price | $627,450 | $620,038 | +1.20% | $661,695 | $627,932 | +5.38% |
| Median DOM | 14 | 83 | -83.13% | 18 | 25 | -28.00% |
| Sale-to-List Ratio | 97.77% | 99.21% | -1.45% | 99.12% | 99.21% | -0.09% |
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.