Market analytics
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 42% in July even as rates near 7% squeeze buyers.
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Seventeen homes closed in Midway in July 2026, up from 12 in June and above the prior 12-month average of 13 — the busiest month since April's 13 sales. That's a market where sellers are moving inventory even as active listings keep climbing, this time to 111 homes, nearly double last July's 56. It's a buyer-favoring mix: sale-to-list ratio sits at 96.48%, but 13 of the 17 closings still went below asking.
Market pulse
Days on market have bounced around all year — 12 in May, 41 in June, now 44 in July — while active inventory has climbed every single month since February's 54, more than doubling to 111. New listings actually pulled back to 26 in July from 33 in June, so the growing shelf is aging inventory, not a fresh wave of sellers. The over-$700K segment carried July, with 11 of the 17 sales and a $1,765,000 median price, while three homes closed in the 400-700K range at a $475,000 median after sitting just 7 days.
Mortgage context
The 30-year averaged 6.79% in July, continuing a steady climb from February's 6.19% low through June's 6.66%, and has since pushed to 6.875% today — up 0.25 percentage points in the past 30 days alone. That climb is starting to bite on Midway's $1,080,000 median price: the added cost hasn't stopped closings yet, but it's compressing what buyers can stretch to at the top of their budget.
Payment math
A buyer financing Midway's $1,080,000 median home with 20% down now pays $5,676 a month in principal and interest at 6.875%, versus $5,532 just 30 days ago at 6.625% — and $390 above the $5,286 payment they'd have locked in back in February's 6.19% low.
If you're buying
Closings jumped to 17 from 12 in June, but that's more sellers finally letting go than more competition to fear — 13 of 17 sold below list. Target the over-$700K band, where median days on market sit at 44 and Burgi Hill Ranches and Turnberry both traded near or under list price. Remund Farms is the one pocket moving fast (10-day median), so budget for less room to negotiate there specifically.
If you're selling
Price to last month's 96.48% sale-to-list ratio, not July 2025's 94.47% — buyers are paying closer to ask now, but only four of 17 closings hit list price exactly and none sold above. Six of the 17 July closings took a price cut first, so if your home has sat past 44 days, adjust before Labor Day rather than waiting out the fall slowdown. Deer Ridge Estates and Remund Farms are proving the luxury tier still has real buyers if priced right.
Outlook
With rates near 6.875% and still climbing per the six-month trend, expect the pace of new listings to keep easing into late summer as sellers wait out the rate story, while the 111 active homes give buyers real room to negotiate. July's jump to 17 sales likely reflects buyers closing deals locked in before this month's rate push — August and September closings will show whether demand holds at these payments.
Watch for
If the 30-year keeps climbing toward 7% as it has each of the last five months, expect the under-$400K band's already-thin 3-sale count to shrink further as entry buyers get squeezed hardest by the payment jump.
"Midway sells more homes as rates climb higher"
Common questions about Midway this month
Is Midway a buyer's or seller's market in July 2026? ▾
It's leaning toward buyers. Active listings reached 111, more than double February's 54, and 13 of the 17 July closings sold below asking price. Sellers are still closing deals — 17 sales, the most since April — but only at a 96.48% sale-to-list ratio, meaning most are conceding a few percent off list.
Why did more homes sell in Midway even as mortgage rates rose? ▾
July's 17 closings likely reflect contracts signed weeks earlier, before rates pushed to 6.875%. New listings actually fell to 26 from June's 33, so the sales bump came from working through existing inventory rather than fresh listings pulling in new buyers.
How much has the rate increase affected the typical Midway house payment? ▾
On the $1,080,000 median home with 20% down, the monthly principal-and-interest payment is now $5,676 at 6.875%, up $144 from 30 days ago and $390 above what it would have been at February's 6.19% rate. That's a meaningful jump for buyers stretching to the top of their budget in the over-$700K segment.
Which Midway neighborhoods are selling fastest right now? ▾
Remund Farms led July with three sales at a $1,795,000 median and just a 10-day median time on market. The $400,000-700,000 band overall moved fastest at 7 days median, while the over-$700K segment took 44 days and the under-$400K homes lingered at 97 days.
Should sellers in Midway cut their price this summer? ▾
Six of July's 17 closings had taken a price cut before selling, and homes sitting past the 44-day median are the ones losing leverage. If a listing has been active more than six weeks without offers, adjusting now — before rates climb further and buyer budgets tighten — tends to beat waiting.
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% |
Past months
Browse historical Midway 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.