Market analytics · June 2026 archive
Highland, 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
Highland's June closings hit a 5-day median — buyers who moved fast won the deals.
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The defining number in Highland's June 2026 market isn't the price — it's the pace. Median days on market dropped to just 5 in June, down from 16 in May and the sharpest reading since April's 10-day sprint. The homes that sold moved almost immediately after listing, while the 57 active listings sitting on the shelf tell a different story: plenty of choice exists, but buyers are being selective about which properties they'll commit to quickly. Closings came in at 13 for the month, below May's 23, though the median sale price climbed to $1,000,000 — up from $850,000 in May and well above June 2025's $652,000.
Market pulse
The speed story in June is real, but it comes with an asterisk: only 13 homes closed, so the 5-day median reflects which homes sold, not the entire shelf. Active inventory reached 57 in June, up from 51 in May and 46 in April — a steady build through the spring that gives buyers more to consider. The sale-to-list ratio ticked up to 98.37% in June, the strongest reading since June 2025's 99.87%, suggesting the homes that did close were priced competitively. Four of the 13 June closings had taken a price cut before going under contract — a useful signal that the listings requiring negotiation are still out there, just not the ones driving the 5-day median.
Mortgage context
The 30-year rate has climbed steadily since February's 6.14% monthly average, reaching 6.66% in June and pushing further to a current spot rate of 6.875% — a 0.74 percentage point climb over that span. At a market where the median home price sits at $1,000,000, that trajectory matters: jumbo financing (which applies to most Highland purchases above the conforming limit) is running at 7.0%, adding meaningful pressure on monthly costs. The 30-day move alone — up 0.125 percentage points from 6.75% — adds $67 to the monthly payment on a median-priced home financed with 20% down.
Payment math
A $1,000,000 Highland home financed with 20% down carries a monthly principal-and-interest payment of $5,255 at today's 6.875% rate — $67 more than 30 days ago at 6.75%, and $386 above the February low when rates averaged 6.14% and that same loan would have run $4,869 a month.
If you're buying
The 5-day median tells you where the action is: well-priced homes in established subdivisions like Wren Haven and Ridge are moving before most buyers can schedule a second showing. If you're targeting the upper end — the Highland Fields and Highlands Ranch tier above $1.5M — those homes are sitting longer and sellers are more open to conversation. With 57 active listings and only 13 closings last month, you have real selection; the leverage question is whether the home you want is in the fast lane or the slow one.
If you're selling
Pricing discipline is what separated June's quick closings from the homes still sitting. The 7 closings that went below list price averaged a meaningful discount — don't assume the 98.37% sale-to-list ratio means you can stretch the ask. If your home is in a neighborhood with recent comparable sales (Ridge closed two homes at a median of $901,250 in June), price within 2% of those figures and the 5-day pace can work in your favor. Homes that need a price cut before closing are losing roughly 3-4 weeks of market time in a season when buyers are active.
Outlook
Active inventory has grown every month since January's 29 homes, and at 57 listings with 13 June closings, the market is carrying more supply than it was six months ago. If that inventory build continues into July and August while rates hold near 6.875% or higher, expect days on market to drift back up from June's 5-day low — the spring urgency that drove quick closings tends to fade as summer progresses and buyers weigh the cost of financing a $1M+ home. Sellers who don't move in the next 30-45 days may find themselves competing with a larger fall shelf, particularly in the $900K–$1.3M range where most of Highland's volume concentrates.
Watch for
At the current pace of new listings running 29–34 per month against 13 closings, active inventory could cross 70 homes by September — at that level, days on market would likely return to the 30-plus range and the sale-to-list ratio would probably drift back toward the low-97% range seen last fall.
"Five days to contract, $1M median, 57 homes waiting — Highland's summer split between speed and selection."
Common questions about Highland this month
Is Highland a buyer's or seller's market in June 2026? ▾
It's split. The homes that sold in June moved in a median of 5 days, which looks like a seller's market — but 57 active listings against only 13 closings means buyers have real selection and leverage on anything that's been sitting. If the home you want is priced right and in a desirable subdivision, expect competition. If it's been on the market more than 3 weeks, you're in a better negotiating position.
Why did only 13 homes close in June when there are 57 active listings? ▾
Highland is a low-volume luxury market by nature — the prior 12-month average is about 15 closings per month. The gap between active listings and closings reflects both the price point (most homes are above $900K, where the buyer pool is smaller) and the fact that some sellers are priced above what the market will currently support. The active shelf includes homes asking well above the $1,000,000 median that actually closed.
How does the active listing price compare to what homes are actually selling for? ▾
There's a notable gap: the median list price on active inventory was $1,349,999 in June, while the median sale price was $1,000,000. That means the shelf is priced roughly 35% above what's closing — buyers shouldn't anchor their expectations to asking prices when evaluating value.
What does the 5-day median days on market actually mean for buyers? ▾
It means the homes that sold in June went under contract almost immediately after listing — half of June's closings were under contract within 5 days. That's a reflection of which homes sold, not the entire market. Plenty of listings in Highland have been sitting 30, 60, or even 90-plus days. If you're targeting a well-priced home in a neighborhood like Wren Haven or Highlands Ranch, be ready to move quickly. If you're looking at something that's been listed for weeks, you have more time.
How much does it cost to finance a home in Highland right now? ▾
At the $1,000,000 median sale price with 20% down, the monthly principal-and-interest payment runs $5,255 at today's 6.875% rate. Most Highland purchases exceed the conforming loan limit, so jumbo financing at 7.0% applies to many buyers — that pushes the payment even higher. Rates have climbed 0.74 percentage points since February's low, adding $386 per month compared to what the same loan would have cost then.
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 5 · 25th percentile 4 · 75th percentile 21
Needed a price change
Sold listings that had a recorded price change before close
4 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. Ridge 2 sold · $901K
- 2. Highland Fields 1 sold · $4,200K · 17d
- 3. Highlands Ranch 1 sold · $2,000K · 25d
- 4. Greens At The Highlands 1 sold · $1,360K
- 5. Wren Haven 1 sold · $1,200K · 5d
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 | 21 | -38.10% | 81 | 95 | -14.74% |
| Median Sale Price | $1,000,000 | $652,000 | +53.37% | $939,788 | $772,280 | +21.69% |
| Median DOM | 5 | 18 | -72.22% | 24 | 35 | -31.43% |
| Sale-to-List Ratio | 98.37% | 99.87% | -1.50% | 98.00% | 99.14% | -1.15% |
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.