Market analytics · July 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
July 2026 · Market Analysis
Midway closings jump to 18 in July as buyers return to the Wasatch Back.
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Eighteen homes closed in Midway in July 2026 — up 50% from June's 12 and 20% above July 2025's 15 — making this the most active month since last September's 25 closings. That volume pickup arrived alongside a growing shelf of choices: active inventory reached 102 homes, nearly double the 56 available a year ago. Buyers are getting more done, but they're also getting more concessions — 14 of the 18 closings came in below list price, and the median sale of $1,005,000 sat just $500 below the $1,024,500 median list, a gap that tells sellers the market is watching their pricing closely.
Market pulse
Closings in Midway have swung considerably this year: 7 in February, 10 in March, 13 in April, 9 in May, 12 in June, and now 18 in July — the clearest upward move since spring. Days on market held relatively steady at 44 in July, nearly matching June's 41 and well below February's 98-day median. The sale-to-list ratio recovered to 96.01% in July from June's 94.03%, meaning buyers are still negotiating but not as aggressively as last month. Active inventory has grown every month since February — from 54 to 64 to 72 to 81 to 97 to 102 — giving buyers a wider selection than they've had all year.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% average, reaching 6.79% in July and now sitting at 6.875% — up 0.125 percentage points over the past 30 days from 6.75%. For buyers financing a Wasatch Back luxury purchase, that trajectory matters: jumbo loans, which cover most Midway transactions above the conforming limit, are running at 7.0% right now, adding meaningful cost on top of already seven-figure price tags.
Payment math
Finance a $1,005,000 home in Midway with 20% down and today's 6.875% rate, and the monthly principal and interest payment lands at $5,282 — $67 more than 30 days ago when the rate was 6.75% and the payment was $5,215, and $389 above the February low when rates averaged 6.14% and that same loan would have cost $4,893 a month.
If you're buying
With 102 active listings and 14 of July's 18 closings settling below list price, there's real room to negotiate — especially on homes sitting past 60 days. Remund Farms produced three closings in July with a median 10-day turnaround, so well-priced homes in that community move fast; if you're targeting something there, come prepared. Homes in the $400K–$700K band cleared in a median 7 days in July, so that segment rewards buyers who move quickly, while the over-$700K tier averaged 44 days and offers more negotiating runway.
If you're selling
Price to where deals are actually closing, not where the active shelf is sitting — the $1,024,500 median list versus the $1,005,000 median sale tells you buyers are trimming roughly 2% off asking. Six of July's closings involved a prior price reduction, so sellers who start too high are paying for it in time and concessions. If your home is in Remund Farms or Deer Ridge Estates, the July data supports confident pricing; if you're in a slower pocket with days on market above 60, a sharper opening price will outperform a later reduction.
Outlook
With 102 active listings and only 18 closings in July, it would take roughly 5.7 months to work through the current supply at this pace — a balanced-to-buyer-leaning market heading into fall. Rates near 6.875% on conventional loans and 7.0% on jumbo products will keep some Wasatch Back buyers on the sidelines, particularly those comparing Midway to more affordable alternatives like Heber City. Seasonal demand typically softens after Labor Day as second-home and vacation-property buyers step back, so sellers who haven't gone under contract by mid-August face a longer wait.
Watch for
At the current pace of new listings running 26–33 per month against 12–18 closings, active inventory could cross 120 homes by October — at which point the sale-to-list ratio would likely drift toward the low-93% range seen last February, giving buyers even more leverage heading into the slower fall season.
"Midway's July rebound: more deals done, more inventory to choose from, and buyers negotiating harder than a year ago."
Common questions about Midway this month
Is Midway a buyer's or seller's market in July 2026? ▾
It's leaning toward buyers. With 102 active listings and 18 closings in July, there's about 5.7 months of supply — enough that buyers have real choices and negotiating room. Fourteen of the 18 July closings settled below list price, and six involved a prior price reduction, which confirms sellers are making concessions to get deals done.
How does July 2026 compare to last July in Midway? ▾
Volume is up — 18 closings this July versus 15 a year ago — and the median sale price rose from $970,000 to $1,005,000. The bigger difference is inventory: buyers had 56 active listings to choose from in July 2025 and now have 102. That supply increase is why the sale-to-list ratio improved from 94.47% to 96.01% even as more homes are available.
What price range is moving fastest in Midway right now? ▾
The $400K–$700K band cleared in a median 7 days in July, though only 4 homes sold there. The over-$700K segment — where most Midway volume lives — took a median 44 days and produced 11 closings, including Deer Ridge Estates homes that averaged $3,562,500. The under-$400K segment moved slowly, with a median 97 days on market for the 3 closings in that range.
What are mortgage rates doing for Midway buyers right now? ▾
The 30-year fixed rate sits at 6.875% today, up from 6.14% in February — a climb of 0.74 percentage points over six months. Most Midway purchases exceed the conforming loan limit, so buyers are typically looking at jumbo rates, which are currently running at 7.0%. On a $1,005,000 purchase with 20% down, that translates to a $5,282 monthly principal and interest payment.
Which neighborhoods in Midway are seeing the most activity? ▾
Remund Farms led July with 3 closings at a median $1,795,000 and a fast 10-day median time on market — suggesting strong demand for that community's product. Deer Ridge Estates produced 2 closings at a striking median of $3,562,500, while Burgi Hill Ranches PUD and Turnberry each added one closing. For buyers interested in the Wasatch Back luxury market, these subdivisions represent where deals are actually getting done.
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
July 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
18 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 44 · 25th percentile 14 · 75th percentile 71
Needed a price change
Sold listings that had a recorded price change before close
6 of 18 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. Remund Farms 3 sold · $1,795K · 10d
- 2. Deer Ridge Estates 2 sold · $3,563K
- 3. Burgi Hill Ranches Pud 1 sold · $1,825K · 84d
- 4. Valais P.u.d 1 sold · $1,225K
- 5. Turnberry 1 sold · $1,100K · 37d
July 2026 by property type
How each housing type performed last month — 15 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 18 | 15 | +20.00% | 76 | 69 | +10.14% |
| Median Sale Price | $1,005,000 | $970,000 | +3.61% | $1,037,724 | $1,093,913 | -5.14% |
| Median DOM | 44 | 39 | +12.82% | 43 | 45 | -4.44% |
| Sale-to-List Ratio | 96.01% | 94.47% | +1.63% | 96.26% | 95.56% | +0.73% |
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.