Market analytics
Holladay, 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
May 2026 · Market Analysis
Holladay closings go from offer to contract in days, but rising rates and more listings give buyers room to breathe.
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In May 2026, homes that went under contract in Holladay did so faster than at any point in the past six months — the median days on market fell to just 6, down from 10 in April and well below the 48-day median recorded last December. That speed, however, tells only part of the story: 28 homes closed in May compared to 40 in May 2025, a 30% drop in volume year over year, while active inventory climbed to 135 — up from 82 a year ago. The homes that sold moved quickly; the ones that didn't are sitting in a noticeably larger pool.
Market pulse
Median days on market in Holladay has traced a dramatic arc over the past six months: it peaked at 48 days in December 2025, eased to 35 in January 2026, held near 37 in February, then dropped sharply to 20 in March, 10 in April, and 6 in May — a clear pattern of accelerating acceptance for well-priced homes as spring buying season took hold. At the same time, active inventory has grown steadily from 77 homes in December to 92 in February, 112 in April, and 135 in May, meaning buyers have more options even as the fastest-moving listings disappear quickly. The sale-to-list ratio eased slightly to 97.84% in May from April's 99.21%, suggesting that while urgency remains for the right homes, sellers are no longer routinely getting full ask. Closed volume of 28 homes in May trails both March's 42 and last May's 40, pointing to a market where demand is selective rather than broad.
Mortgage context
The 30-year fixed rate has climbed to 6.75% — up 0.25 percentage points from 6.50% thirty days ago — and is now 0.56 percentage points above February's monthly average of 6.19%, which was the low point of the past seven months. For buyers eyeing Holladay's luxury price range, the jumbo rate at 7.25% adds another layer of cost pressure, since many transactions here clear the conforming loan limit. That rate trajectory is a meaningful headwind for move-up buyers who need to sell a lower-priced home first and finance a replacement at today's rates.
Payment math
On a median-priced home here — about $872,000 with 20% down — the monthly principal-and-interest payment lands at $4,526 at 6.75% — $115 more than 30 days ago at 6.50%, and $257 above the February low when rates averaged 6.19% and the payment would have been $4,269.
If you're buying
Target homes that have been listed more than 30 days — the upper quartile of days on market in May stretched to 40 days, and those sellers are more likely to negotiate; the sale-to-list ratio on slower-moving inventory tends to run closer to 96–97% rather than the near-100% seen on fresh listings. In the $400K–$700K band, Holladay Hills and Morningside Heights both produced closings in May with median days on market of 5 or fewer, so if you're shopping that corridor, be ready to move fast — but in the over-$700K segment, homes like those along Cottonwood Club or Holladay Park Lane are sitting longer and represent better negotiating ground.
If you're selling
Price to where the market is today, not where it was in May 2025 when the sale-to-list ratio averaged 100.14% — that environment is gone, and the current 97.84% ratio means buyers are routinely offering 2% or more below list. Homes in Holladay Hills and Bonnie Brae that closed in May did so in under a week, which tells you condition and accurate pricing still produce fast results; if your home needs work or is priced above recent comparable sales in your specific neighborhood, expect to sit in a pool of 135 active listings competing for a buyer pool that closed only 28 deals last month.
Outlook
Over the next 60–90 days, Holladay's inventory is likely to keep building as new listings — 58 in May alone, up from 33 a year ago — continue to outpace closings at the current pace. With the 30-year rate at 6.75% and the jumbo rate at 7.25%, the upper end of Holladay's market faces real affordability friction heading into summer, and buyers who were priced out of Holladay may increasingly look at comparable neighborhoods in Cottonwood Heights or Sandy along the Wasatch Front corridor. Sellers who list in June and July will face more competition from each other than they have in over a year, making condition and precise pricing more important than seasonal timing.
Watch for
If the 30-year rate crosses 7% — and the jumbo rate moves above 7.50% — expect the over-$700K segment, which accounted for 20 of Holladay's 28 May closings, to slow materially and push active inventory past 150 homes by late summer.
"Holladay's May paradox: the fastest accepted offers in months, yet more choices and higher borrowing costs than a year ago."
Common questions about Holladay this month
Is Holladay a buyer's or seller's market in May 2026? ▾
It's a split market. Homes priced accurately and in good condition — particularly in Holladay Hills and Morningside Heights — are going under contract in under a week, which still favors sellers in that segment. But with 135 active listings and only 28 closings in May, buyers have meaningful leverage on anything that's been sitting more than 30 days, especially in the over-$700K range where 17 of 28 closings went below list price.
Why did so few homes close in Holladay in May 2026 compared to last year? ▾
May 2025 saw 40 closings with a sale-to-list ratio of 100.14% — a very competitive environment. In May 2026, the 30-year rate is 0.56 percentage points higher than February's low, the jumbo rate sits at 7.25%, and active inventory has grown 65% year over year to 135 homes. More choices and higher borrowing costs have made buyers more selective, which is the primary reason volume dropped to 28 closings.
What price range moves fastest in Holladay right now? ▾
The over-$700K segment had a median days on market of just 4 in May 2026, with 20 of the month's 28 closings in that band and a median sale price of $985,000. The $400K–$700K range moved in a median of 9 days. The under-$400K segment — only 3 closings — took a median of 87 days, suggesting that lower-priced inventory in Holladay faces the most resistance, likely because those homes often need more work or are condos competing with a wider pool.
How much more does it cost to buy a median-priced Holladay home today versus earlier this year? ▾
At today's 6.75% rate, the monthly principal-and-interest payment on a median-priced $872,000 home with 20% down is $4,526. In February, when rates averaged 6.19%, that same payment would have been $4,269 — a difference of $257 per month, or about $3,084 per year. The rate has also climbed 0.25 percentage points just in the past 30 days, adding $115 to the monthly payment over that short window.
Are sellers in Holladay cutting prices before closing? ▾
In May 2026, 3 of the 28 closings involved a seller who had reduced the list price before going under contract — that's about 11% of closings. This is the first month the data reliably tracks price reductions, so there's no clean historical comparison, but 3 out of 28 suggests most sellers who priced correctly didn't need to cut. Homes in Holladay Park Lane and Cottonwood Club that took 60–146 days to sell are the clearest examples of listings where initial pricing likely needed adjustment.
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 ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
28 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 6 · 25th percentile 3 · 75th percentile 40
Needed a price change
Sold listings that had a recorded price change before close
3 of 28 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. Holladay Hills 3 sold · $844K · 0d
- 2. Morningside Heights 2 sold · $737K · 5d
- 3. Cottonwood Club 1 sold · $2,450K · 60d
- 4. Holladay Park Lane 1 sold · $1,955K · 146d
- 5. Bonnie Brae Sub 1 sold · $1,295K · 4d
May 2026 by property type
How each housing type performed last month — 28 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 28 | 40 | -30.00% | 139 | 140 | -0.71% |
| Median Sale Price | $872,250 | $966,500 | -9.75% | $810,408 | $850,221 | -4.68% |
| Median DOM | 6 | 11 | -45.45% | 20 | 28 | -28.57% |
| Sale-to-List Ratio | 97.84% | 100.14% | -2.30% | 98.08% | 99.11% | -1.04% |
Past months
Browse historical Holladay reports — each month's snapshot stays at its own permanent URL.
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.