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 went from contract to keys in a single day — while 82 homes wait on the sidelines.
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The defining number in Highland's June 2026 market isn't the price — it's the speed: the median days on market for closed sales fell to just 1, down from 13 in May and 10 in April, meaning the homes that actually sold moved from listing to contract almost immediately. That kind of velocity stands in sharp contrast to a year ago, when June 2025's median sat at 18 days on market with 21 closings. What makes June 2026 unusual is that this speed coexists with 82 active listings — the most inventory Highland has carried in over a year — and only 13 closings, well below last June's 21.
Market pulse
The split between what's selling and what's sitting is the clearest trend in Highland's recent data. Days on market for closed sales collapsed from 63 in March to 10 in April, 13 in May, and now 1 in June — but active inventory has moved in the opposite direction, climbing from 54 in March to 59 in April, 68 in May, and 82 in June. New listings came in at 29 in June, down from 34 in May and 32 in April, yet inventory keeps building because closings (13 in June) aren't keeping pace with what's accumulating. The sale-to-list ratio ticked up slightly to 98.37% in June from 97.79% in May, suggesting the homes that did sell were priced well — but 7 of the 13 closings still came in below list price, and 4 of those sellers had already taken a price cut before going under contract.
Mortgage context
The 30-year fixed rate held at 6.625% through the end of June, unchanged over the prior 30 days — a rare moment of stability after a choppy stretch. That said, the rate has climbed 0.43 percentage points since February's monthly average of 6.19%, and buyers financing at the jumbo threshold (which applies to most Highland purchases) are looking at 7.125% on conforming-jumbo products, adding meaningful cost to an already high-price market. The flat near-term trend offers some predictability for buyers currently under contract, but the multi-month drift upward has quietly compressed what buyers can qualify for at Highland's price points.
Payment math
At $1,000,000 — Highland's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $5,122 at today's 6.625% rate, the same as 30 days ago when the rate was also 6.625%; but compared to February's 6.19% low, that payment is $227 higher than the $4,895 it would have been then.
If you're buying
The 1-day median days on market is real but misleading as a blanket signal — it reflects a handful of well-priced homes that went under contract almost immediately, not the whole pool. With 82 active listings and only 13 closings in June, buyers have genuine negotiating room on the homes that have been sitting: target anything past 30 days on market in the Wren Haven or Highlands Ranch corridors, where the sale-to-list ratio on slower-moving inventory tends to run closer to 96-97%. If you're financing at Highland's price points, confirm your jumbo rate separately — the 7.125% jumbo rate is meaningfully higher than the conventional 6.625% and changes the monthly math by several hundred dollars.
If you're selling
The homes that sold in June did so fast and close to list — but they were the exception, not the rule, in a market where inventory is building and closings are down from May's 23 to just 13. Price to where the market is today, not where it was in April or May: homes in the $900K–$1.1M range in established subdivisions like Highland Hills and the Ridge are moving, but anything aspirationally priced above recent comparable sales is likely to sit and eventually need a cut. With warm summer weather bringing more buyers through open houses, condition and presentation matter more than ever — a well-staged home priced at or just under recent comparable sales will outperform one that tests the ceiling.
Outlook
With 82 active listings and a pace of roughly 13-23 closings per month, Highland is carrying somewhere between 3.5 and 6 months of supply depending on how summer demand holds — enough that buyers will continue to have options and sellers will need to compete on price and condition. Rates holding flat near 6.625% removes one source of near-term uncertainty, but the jumbo rate at 7.125% remains a real friction point for buyers stretching into Highland's upper price bands. If new listings continue arriving at 29-34 per month through July and August while closings stay in the mid-teens, the active count will likely push past 90 by late summer, shifting more leverage toward buyers in the $1M–$1.5M range.
Watch for
At the current pace of new listings relative to closings, active inventory reaches 95+ homes by September — at that level, sale-to-list ratios in the over-$1.5M segment would likely drift below 96%, and days on market for non-premium listings would start climbing back toward the 30-45 day range seen last fall.
"One-day median, $1M price point, 82 homes listed — Highland's June split the market wide open."
Common questions about Highland this month
Is Highland a buyer's or seller's market in June 2026? ▾
It's genuinely mixed. The homes that sold in June went fast — a 1-day median days on market — but only 13 homes closed against 82 active listings, which works out to roughly 6 months of supply at that pace. That inventory level gives buyers real options and negotiating room, especially on homes that have been listed for more than 30 days.
Why did so few homes close in June if the market looks so fast? ▾
The 1-day median days on market reflects only the homes that actually went under contract quickly — it doesn't capture the larger pool of listings that are still sitting. Highland is a low-volume luxury market where a single slow week can cut closings significantly. June's 13 closings compare to 23 in May and 21 in June 2025, suggesting demand softened even as well-priced homes moved quickly.
What does a $1,000,000 home in Highland cost to finance right now? ▾
With 20% down on a $1,000,000 home, the monthly principal-and-interest payment at today's 6.625% conventional rate is $5,122. Most Highland purchases fall into jumbo territory, where the current rate is 7.125% — that pushes the payment to roughly $5,400 per month on the same loan amount, a meaningful difference worth confirming with your lender before making an offer.
Which Highland neighborhoods are selling fastest right now? ▾
In June, the Ridge subdivision had 2 closings at a median of 0 days on market and a median sale price of $901,250 — the fastest-moving pocket in the data. Greens at the Highlands also closed at 0 days on market at $1,360,000. Highlands Ranch and Wren Haven moved more slowly, at 25 and 5 days respectively, suggesting price sensitivity increases as you move up the range.
Should I wait for rates to drop before buying in Highland? ▾
The 30-year rate has been flat at 6.625% for the past 30 days, but it's up 0.43 percentage points from February's 6.19% low — so the recent trend has been upward, not down. With 82 active listings and inventory still building, buyers who wait may find more selection but face the same or higher rate environment. The practical question is whether the homes you want are available now at a price that works — Highland's inventory is broad enough that negotiating room exists today.
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% | 98.03% | 99.14% | -1.12% |
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.