Market analytics
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 buyers weigh a 508-home inventory against rising rates.
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Closed sales in Hurricane dropped to 37 in May 2026, down 31% from April's 54 closings and down from 54 in May 2025 — the lightest May closing count in the two-year comparison window. Meanwhile, active inventory reached 508 homes, more than double the 215 active listings recorded in May 2025, giving buyers a selection they haven't seen in years. The gap between what sellers are asking (median list price of $579,995) and what buyers are paying (median sale price of $518,000) tells the same story: demand has stepped back while supply keeps building.
Market pulse
Active inventory in Hurricane has climbed steadily every month this year: 318 homes in January, 371 in February, 409 in March, 440 in April, and 508 in May — a consistent build that has outpaced closings at every step. Closed sales, by contrast, moved from 47 in January to 58 in February, peaked at 71 in March, then fell to 54 in April and 37 in May, meaning the spring selling season produced a sharp divergence between listing activity and buyer follow-through. Median days on market actually improved — dropping from 76 days in March and 62 in April to 47 in May — suggesting that the homes that did sell moved relatively quickly, while a growing share of listings simply sat. The sale-to-list ratio held at 99.14% in May, nearly unchanged from April's 99.28%, indicating that sellers of closed homes are still getting close to their asking prices; the pressure is showing up in volume, not in the prices of homes that actually transact.
Mortgage context
The 30-year fixed rate has climbed to 6.75% — up 0.25 percentage points from 6.50% thirty days ago and up 0.56 percentage points from February's monthly average of 6.19%, which was the low point of the past six months. That February-to-now climb has added real dollars to every Hurricane purchase, and with rates having moved from 6.19% in February up through 6.32% in January, 6.48% in March, 6.42% in April, and now 6.75%, the affordability window that briefly opened early in the year has largely closed. FHA and VA options at 6.25% remain the most accessible path for buyers who qualify, particularly those targeting the under-$400K segment where 9 homes closed in May.
Payment math
On a median-priced home here — about $518,000 with 20% down — the monthly principal-and-interest payment lands at $2,688 at 6.75% — $69 more than 30 days ago at 6.50%, and $153 above the February low when rates averaged 6.19% and the payment would have been $2,535.
If you're buying
With 508 active listings and only 37 closings in May, Hurricane is firmly a buyer's market — target homes that have been listed past 60 days, particularly in the $400K–$700K band where 22 of May's 37 closings landed; sellers in that range are negotiating. Neighborhoods like Dixie Springs and Firerock have seen consistent activity, but with inventory building along the Sand Hollow corridor and in communities like Peregrine Pointe West, you have real room to compare before committing. If you qualify for FHA or VA financing at 6.25%, you're working with a meaningful rate advantage over the conventional 6.75% — use it to target the under-$400K segment, where 9 homes closed in May at a median of $254,500.
If you're selling
With 508 homes competing for 37 buyers in May, pricing at or above recent comparable sales is a strategy that leaves you sitting — 15 of May's closings involved a seller who had already cut their price before going under contract. If your home is in Hurricane Townsite or a mid-range community like Paraiso, price 2–3% below what similar homes listed for in March and April; the buyers who are active right now have seen the full inventory and will move on to the next option quickly. Condition and presentation matter more than usual: the homes that sold in May averaged only 47 days on market, meaning well-prepared, correctly priced homes are still moving — it's the overpriced listings that are dragging the overall count down.
Outlook
Over the next 60–90 days, Hurricane's market faces a rate environment that is moving in the wrong direction for sellers: the 30-year is at 6.75% today and the June monthly average is tracking toward 6.68%, offering little near-term relief. With 120 new listings added in May alone and active inventory already at 508, the supply side shows no sign of easing — buyers considering communities near Sand Hollow Resort or along the SR-9 corridor toward Zion National Park will have continued negotiating leverage through the summer. Seasonal red-rock hiking traffic brings out-of-state visitors who sometimes convert to buyers, but at current rates and inventory levels, that conversion rate is likely to remain modest unless prices adjust meaningfully downward.
Watch for
If the 30-year rate crosses 7% — which jumbo loans are already above at 7.25% — expect the over-$700K segment in Hurricane, which produced only 6 closings in May, to slow further and median days on market in that price band to extend well past 90 days.
"Plenty of homes, fewer takers — Hurricane's May 2026 reality check."
Common questions about Hurricane this month
Is Hurricane a buyer's or seller's market in May 2026? ▾
It's a buyer's market by a clear margin. With 508 active listings and only 37 closings in May, it would take roughly 13–14 months to sell every home currently listed at May's pace. Buyers have real negotiating room, especially on homes that have been sitting for more than 60 days.
Why did closings drop so sharply in May when it's supposed to be peak season? ▾
Two forces converged: the 30-year rate climbed from a February low of 6.19% to 6.75% today, adding $153 per month to the principal-and-interest payment on a median-priced Hurricane home. At the same time, active inventory reached 508 homes — more than double May 2025's 215 — giving buyers so many options that decision timelines are stretching out.
Are home prices falling in Hurricane? ▾
Not dramatically — the median sale price in May was $518,000, nearly flat compared to $519,450 in May 2025. However, 15 of the 37 homes that closed in May had already taken a price cut before going under contract, and the gap between the median list price ($579,995) and median sale price ($518,000) suggests sellers are starting higher and coming down. Prices on homes that do sell are holding, but more listings are sitting unsold.
Which neighborhoods in Hurricane are still seeing activity? ▾
Dixie Springs led May closings with 3 sales at a median of $590,000, followed by Scenic Pointe and Firerock with 2 closings each. The Lava Bluff Mobile Home Park communities also recorded 4 combined closings in the under-$300K range, showing that the most affordable segment still has buyers. Higher-end communities like The Ridge at Zion Vista and Sand Hollow Resort saw very limited activity in May.
Should I wait for rates to drop before buying in Hurricane? ▾
That depends on your timeline and price target. Rates have moved from 6.19% in February to 6.75% today, and the near-term trajectory is upward. However, with 508 homes on the market and sellers increasingly willing to negotiate — 15 of May's 37 closings involved a price reduction — buyers who act now may offset some of the rate cost through purchase price. If you're targeting the $400K–$700K range, the current inventory gives you more leverage than you'd have had a year ago when only 215 homes were active.
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 48 · 25th percentile 23 · 75th percentile 96
Needed a price change
Sold listings that had a recorded price change before close
17 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. Firerock 2 sold · $609K · 57d
- 3. Lava Bluff Mobile Home Park Amd 2 sold · $283K · 46d
- 4. Lava Bluff Mobile Home Park 2 sold · $217K · 17d
- 5. Hurricane Townsite 1 sold · $1,575K · 371d
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% | 268 | 276 | -2.90% |
| Median Sale Price | $518,000 | $519,450 | -0.28% | $546,743 | $529,345 | +3.29% |
| Median DOM | 48 | 65 | -26.15% | 70 | 58 | +20.69% |
| Sale-to-List Ratio | 99.14% | 98.55% | +0.60% | 98.41% | 98.39% | +0.02% |
Past months
Browse historical Hurricane 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.