Market analytics · May 2026 archive
Hurricane, 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
Hurricane closings fall to 37 in May as inventory builds and rate headwinds keep buyers cautious.
Closed sales in Hurricane dropped to 37 in May 2026, down 31% from April's 54 closings and 32% below the 54 closings recorded in May 2025 — the softest May closing count in the two-year comparison window. Meanwhile, active inventory reached 528 homes, up from 452 in April and more than double the 215 active listings on the market in May 2025. The gap between supply and demand has rarely been this wide in Hurricane's recent history, and it is reshaping the negotiating table in ways that favor patient buyers.
Market pulse
Active inventory in Hurricane has climbed every month this year: 323 homes in January, 379 in February, 418 in March, 452 in April, and 528 in May — a 63% increase in five months. New listings added 120 homes in May, nearly matching the 122 added in March, so the supply pipeline shows no sign of slowing. Median days on market actually compressed from 64 days in April to 47 days in May, suggesting the homes that did close moved relatively quickly — but with 18 sellers cutting prices in May (up from 14 in April and 9 in March), the broader pool of listings is clearly sitting longer than sellers anticipated. The sale-to-list ratio held at 98.94% in May, essentially flat with April's 99.28%, meaning buyers are negotiating modest but consistent discounts off list price.
Mortgage context
The 30-year fixed rate sits at 6.625% as of June 1, up 0.25 percentage points from 6.375% thirty days ago, and up 0.43 pp from February's monthly average of 6.19% — the low point of the past six months. That rate climb has added real dollars to monthly payments on Hurricane homes, and with the 30-year having moved from 6.19% in February to 6.42% in April and now 6.625% at the spot level, the affordability math has tightened at each step of the spring selling season. Buyers who qualified comfortably in February are running the numbers again, and that recalculation is visible in the closing count.
Payment math
On a median-priced home today, P&I lands at $2,653/mo at 6.625% — $68/mo more than 30 days ago at 6.375%, and $118/mo above the February low when rates averaged 6.19% and P&I would have been $2,535.
If you're buying
With 528 active listings and only 37 closings in May, Hurricane is carrying more than 14 months of supply at the current pace — target homes that have been listed 60 or more days, particularly in the $400K–$700K band where 22 of the 37 May closings landed and where 18 price reductions were recorded. Neighborhoods like Firerock and Dixie Springs have seen consistent transaction activity, so comparable sales data is available to anchor an offer below list; the 98.94% sale-to-list ratio on closed deals means the average buyer is already getting roughly 1% off, and stale listings often accept more. If you are considering a Sand Hollow Resort area property — the Retreat at Sand Hollow Resort and Dunes at Sand Hollow Resort have both appeared in recent closing data — factor in the jumbo rate of 7.125% if your purchase price clears $766,550, as that adds meaningfully to the payment math.
If you're selling
With inventory at 528 homes and closing volume at 37, pricing discipline is the single most important lever sellers have right now — homes listed at or above last spring's comps are sitting, as evidenced by 18 price reductions in May alone. If your home is in the Hurricane Townsite or Paraiso corridors, where median DOM has historically run 85–113 days in slower months, price 2–3% below the most recent comparable sale rather than the most recent list price to avoid becoming one of the stale listings buyers are now targeting for deeper discounts. Condition and presentation matter more than usual when buyers have 528 choices; homes that show well and are priced to the current 98.94% sale-to-list reality will close — those priced to a tighter market from a year ago will not.
Outlook
Over the next 60–90 days, Hurricane's supply-demand imbalance is unlikely to resolve quickly: new listings have run above 100 per month since February, and with the 30-year rate at 6.625% and trending upward, the pool of qualified buyers is not expanding. Seasonal patterns in Washington County typically bring some cooling in new-listing volume after June, which could slow the inventory build — but unless closing volume recovers toward the 54–71 range seen in March and May 2025, active counts will remain elevated through summer. Buyers who can tolerate the current rate environment will find the most negotiating room Hurricane has offered in at least a year; sellers who need to move in this window should price for the market that exists, not the one from twelve months ago.
Watch for
If the 30-year rate crosses 7%, expect Hurricane's monthly closing count to fall further toward the low-30s and active inventory to push past 600 homes, deepening the buyer's market conditions already visible in May's data.
"Inventory keeps climbing, closings keep falling — Hurricane's buyer-leverage window is open."
Common questions about Hurricane this month
Is Hurricane a buyer's or seller's market in May 2026? ▾
By the numbers, Hurricane is firmly a buyer's market in May 2026. With 528 active listings and only 37 closings, there are roughly 14 months of supply at the current pace — well above the 4–6 months that typically defines a balanced market. Buyers have more choices and more negotiating room than at any point in the past year.
Why did closings drop so sharply in May when it's supposed to be peak season? ▾
Two forces are working against closing volume simultaneously: inventory has more than doubled year-over-year, giving buyers more options and less urgency, while the 30-year rate has climbed from 6.19% in February to 6.625% today, adding $118/mo in P&I on a median-priced home. That combination — more supply, higher cost — has slowed decision-making even during what is normally Hurricane's busiest selling season, with peak red-rock hiking traffic bringing visitors who look but don't always commit.
Are home prices falling in Hurricane? ▾
The May 2026 median sale price of $518,000 is nearly flat with May 2025's $519,450, so prices have not fallen sharply on a year-over-year basis. However, 18 sellers cut their list prices in May — the most in six months — and the sale-to-list ratio of 98.94% means buyers are consistently closing below asking. Prices are under pressure, but the adjustment is showing up in list-price reductions and negotiated discounts rather than a broad median collapse.
Which Hurricane neighborhoods are still seeing activity in May 2026? ▾
Dixie Springs led all subdivisions with 3 closings at a median sale price of $590,000, consistent with its position as one of Hurricane's more active communities over the past year. Firerock recorded 2 closings at a $608,500 median, and the Retreat at Sand Hollow Resort also posted 2 closings. At the upper end, Scenic Pointe saw 2 closings at a $1,055,750 median — though with only 2 sales, that figure reflects a very small sample.
How does Hurricane compare to nearby St George for buyers right now? ▾
Hurricane has historically offered a lower entry price point than St George, and that gap remains relevant for buyers priced out of St George's core market. With 528 active listings in Hurricane and a median sale price of $518,000 in May, buyers who need more space or a lower price can find meaningful selection here. The tradeoff is a longer commute to St George's employment and retail core along the SR-9 corridor, but for buyers prioritizing value and proximity to Sand Hollow Reservoir and Zion National Park access, Hurricane's current inventory level makes it worth a serious look.
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
37 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 47 · 25th percentile 22 · 75th percentile 87
Needed a price change
Sold listings that had a recorded price change before close
15 of 37 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. Dixie Springs 3 sold · $590K · 80d
- 2. Scenic Pointe 2 sold · $1,056K · 148d
- 3. Firerock 2 sold · $609K · 57d
- 4. Lava Bluff Mobile Home Park Amd 2 sold · $283K · 46d
- 5. Lava Bluff Mobile Home Park 2 sold · $217K · 17d
May 2026 by property type
How each housing type performed last month — 32 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 37 | 54 | -31.48% | 267 | 276 | -3.26% |
| Median Sale Price | $518,000 | $519,450 | -0.28% | $546,545 | $529,345 | +3.25% |
| Median DOM | 47 | 65 | -27.69% | 70 | 58 | +20.69% |
| Sale-to-List Ratio | 99.14% | 98.55% | +0.60% | 98.40% | 98.39% | +0.01% |
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.