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 lose ground as June listings outrun buyers two to one.
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Homes in Midway took a median 41 days to sell in June, more than double March's 22 low point earlier this spring and a sign that the fast-close window from April has closed. Twelve homes sold, down from 17 a year ago in June 2025, while active listings climbed to 114 — nearly double June 2025's 60. Sellers are also conceding more: the sale-to-list ratio fell to 94.03%, the softest reading of the past six months.
Market pulse
Days on market have swung widely over the past six months — 99 in December, down to 22 in January, up to 98 in February, back down to 29 in April, a brief 12-day low in May, and now 41 in June. Active inventory has climbed every month since February's 58, reaching 114 in June even as new listings kept growing (33 this month, up from 12 in February). The over-$700K group still carries most of the volume — 10 of June's 12 sales — while the $400K-$700K band posted zero closings for the second straight month, leaving only two under-$400K sales at a median 709 days on market, evidence that only cheaper legacy listings are lingering unsold.
Mortgage context
The 30-year rate has climbed steadily from February's 6.19% average to 6.66% in June and now sits at 6.875% today, up 0.25 percentage points in the past 30 days alone. That climb adds real cost on Midway's $1,011,000 median-price homes and is a likely contributor to buyers pulling back from the pace they kept in April.
Payment math
A buyer financing Midway's $1,011,000 median home with 20% down is looking at $5,315 a month in principal and interest at today's 6.875%, up $134 from $5,181 just 30 days ago at 6.625%, and $365 above the $4,950 payment they'd have locked in back in February's 6.19% low.
If you're buying
With 114 homes active against 12 June closings, you have more room to negotiate than buyers had a year ago — 10 of the 12 June sales closed below list. Target listings sitting past the 41-day median, especially in the over-$700K group where the sale-to-list ratio has slipped to the low 90s, and don't be afraid to ask for concessions given the 7 price cuts already logged this month.
If you're selling
Price against what's actually closing, not last year's numbers — June 2025 sold 17 homes at a 98% sale-to-list ratio, June 2026 sold 12 at 94%. With 33 new listings hitting the market and only 12 selling, homes that linger past 70 days are the ones needing a price cut; get ahead of it with a realistic number tied to Cascade Meadows or Turnberry-type comparables rather than testing the top of the range.
Outlook
With inventory building for four straight months and rates now above 6.85%, expect June's slower pace and softer sale-to-list ratio to carry into July and August rather than reverse. Warm, dry Wasatch Back weather keeps showings active through late summer, but with 114 homes competing for roughly a dozen monthly buyers, sellers without a Soldier Hollow or Cascade Meadows-caliber property should plan on longer marketing times and more room for buyer asks.
Watch for
If new listings keep arriving above 30 a month while sales hold near 12, months-of-supply likely pushes past 9 by late summer, pulling the sale-to-list ratio toward 92%.
"Midway's supply catches up to its buyers"
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.