Market analytics · June 2026 archive
Midway, 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
Midway sellers face a slower summer as days on market nearly quadruple from May's pace.
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After May's unusually quick 12-day median close, Midway homes sat a median 41 days in June — a sharp reversal that puts sellers back on the defensive heading into summer. Active inventory reached 97 homes, up from 81 in May and 60 a year ago, while closings slipped to 12 from June 2025's 17. The gap between what sellers are asking ($1,050,000 median list) and what buyers are paying ($1,011,350 median sale) tells the same story: the active shelf is priced above where deals are actually getting done.
Market pulse
The pace of closings has been uneven all year, but the direction of inventory is consistent: active listings climbed from 52 in January to 64 in March, 72 in April, 81 in May, and now 97 in June. Days on market swung from 98 in February down to 29 in April, then to a remarkably fast 12 in May before rebounding to 41 in June — suggesting May's speed was an outlier, not a trend. The sale-to-list ratio dropped to 94.03% in June, the softest reading since February's 93.17%, and 10 of 12 closings came in below asking price. Seven of those 12 sellers had already cut their price before closing — the first month we can track that figure reliably.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% monthly average — through 6.48% in March, 6.55% in May, and 6.66% in June — and the current spot rate sits at 6.875%, up 0.125 percentage points over the past 30 days. For a market where most closings clear above $1 million, that trajectory matters: jumbo financing is running at an even steeper 7.00%, which applies to a large share of Midway transactions and adds real friction for buyers who can't put 20% down on a $1.5M Wasatch Back property.
Payment math
Financing Midway's $1,011,000 median home with 20% down at today's 6.875% produces a monthly principal-and-interest payment of $5,315 — $67 more than 30 days ago at 6.75%, and $391 above the February low when rates averaged 6.14% and that same loan would have run $4,924 a month.
If you're buying
Target listings that have been sitting past 45 days — at June's 94% sale-to-list ratio, there's real room to negotiate, and sellers who've already taken a price cut are the most motivated. The Cascades at Soldier Hollow closed at $1,650,000 in 18 days in June, but Turnberry PUD took 41 days at $1,048,700, illustrating that well-priced properties still move while overpriced ones linger. With 97 active listings and only 12 closings last month, you have time to be selective — don't anchor to the $1,050,000 median list price when the median sale is running $38,650 below it.
If you're selling
Price to where deals are closing, not where you'd like them to close — the 94% sale-to-list ratio means a $1,200,000 list price is realistically netting around $1,128,000, and buyers know it. Homes in the over-$700K band are still moving (10 closings in June at a median $1,254,350), but they're taking a median 30 days, so condition and presentation matter more than they did in April. If your home is in a community like River Meadows Ranch or Cascade Meadows PUD where trophy properties command attention, price aggressively from day one — the buyers who can afford $1.8M-plus are also looking at Park City and Heber City, and they won't wait out an overpriced listing.
Outlook
With 97 active listings and 12 June closings, it would take roughly eight months to sell through current inventory at that pace — a buyer's market by any measure. New listings are running at 29–33 per month since April, so supply is unlikely to shrink meaningfully before fall. Buyers who've been priced out of Park City's Deer Valley corridor have been looking at Midway as an alternative, but rising jumbo rates at 7.00% are narrowing that pool; expect days on market to stay in the 35–50 range through August unless rates pull back.
Watch for
At the current pace of new listings (33 in June) against 12 closings a month, active inventory could reach 120-plus homes by September — a level that would likely push the sale-to-list ratio into the low-92% range and extend median days on market past 60.
"Midway's June reality check: more listings, longer waits, and buyers holding the negotiating cards."
Common questions about Midway this month
Is Midway a buyer's or seller's market in June 2026? ▾
It's a buyer's market. With 97 active listings and only 12 closings in June, it would take about eight months to sell through current supply at that pace. Ten of 12 closings came in below asking price, and the median sale price of $1,011,350 ran nearly $39,000 below the median list price of $1,050,000.
How long are homes sitting on the market in Midway right now? ▾
The median was 41 days in June, up sharply from 12 days in May. A quarter of homes took longer than 71 days to close. That's a meaningful shift — May's pace was unusually fast, and June's numbers look more like the 35–66 day range Midway saw through most of 2025.
Are Midway home prices dropping in 2026? ▾
The median sale price in June was $1,011,350, down from $1,116,000 in April and below June 2025's $1,175,000. However, Midway's monthly sample is small (12 closings), so individual high-end sales can swing the median significantly in either direction. The clearer signal is the sale-to-list ratio at 94.03% — buyers are consistently paying less than asking.
How do Midway mortgage rates affect buying a home here? ▾
Most Midway homes close above the conventional loan limit, so jumbo financing at 7.00% applies to a large share of purchases. On a $1,011,000 home with 20% down, the monthly principal-and-interest payment is $5,315 at today's 6.875% rate — $391 more per month than February's low. That's a real affordability headwind for buyers comparing Midway to alternatives like Heber City.
Which Midway neighborhoods are selling fastest right now? ▾
In June, The Cascades at Soldier Hollow closed in 18 days at $1,650,000, and a home in the Midway area closed in 16 days at $1,550,000 — both well below the month's median time on market. Turnberry PUD took 41 days at $1,048,700, closer to the median. Homes priced competitively relative to recent comparable sales in their specific community are still moving; it's the overpriced listings that are sitting.
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
12 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 41 · 25th percentile 17 · 75th percentile 71
Needed a price change
Sold listings that had a recorded price change before close
7 of 12 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. River Meadows Ranch 1 sold · $3,800K
- 2. Cascade Meadows Pud 1 sold · $1,875K
- 3. The Cascades At Soldier Hollow 1 sold · $1,650K · 18d
- 4. Midway 1 sold · $1,550K · 16d
- 5. Turnberry Pud 1 sold · $1,049K · 41d
June 2026 by property type
How each housing type performed last month — 8 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 12 | 17 | -29.41% | 58 | 54 | +7.41% |
| Median Sale Price | $1,011,350 | $1,175,000 | -13.93% | $1,047,880 | $1,128,333 | -7.13% |
| Median DOM | 41 | 48 | -14.58% | 43 | 46 | -6.52% |
| Sale-to-List Ratio | 94.03% | 98.39% | -4.43% | 96.34% | 95.86% | +0.50% |
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.