Market analytics · April 2026 archive
Murray, 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
April 2026 · Market Analysis
Murray's spring closings slow down even as more listings arrive
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In April 2026, Murray homes that closed took a median of 41 days to find a buyer — up from 34 days in both January and March, and more than double the 16-day median recorded in April 2025. That speed reversal is the defining story of this spring: a year ago Murray was moving homes in under three weeks; today the typical listing sits for well over a month before going under contract. Closings came in at 35 for the month, down from 50 in April 2025, while the median sale price rose to $535,000 from $487,500 a year earlier — a 9.7% gain that reflects what did sell, not necessarily broad market strength.
Market pulse
Median days on market in Murray has been elevated all winter and into spring: 43 days in November 2025, 47 in December, then a brief dip to 34 in January and March 2026, before rising again to 41 in April. Active inventory climbed from 98 homes in December to 118 in January, held near that level through February (116) and March (126), then reached 145 in April — the most active listings in the past six months. New listings also picked up, with 58 hitting the market in April after 47 in March and 40 in February, suggesting sellers are testing the spring window even as buyer velocity has not kept pace. The sale-to-list ratio recovered to 98.99% in April from a February low of 97.5%, which is a modest positive signal, but with 21 of 35 closings still landing below list price, sellers are not broadly getting what they ask.
Mortgage context
The 30-year fixed rate reached 6.625% as of late May 2026, up 0.375 pp over the past 30 days from 6.25% — a meaningful move that adds real dollars to monthly payments on Murray's median-priced home. Rates have been volatile over the past several months: after dipping to a six-month low monthly average of 6.19% in February, they climbed to 6.48% in March, eased slightly to a 6.42% April average, and have since pushed higher again. That 0.43 pp climb from February's low to today's spot rate is squeezing the buyer pool, particularly for households stretching into the $500K–$600K range that dominates Murray's $400K–$700K price band.
Payment math
On a median-priced home today, P&I lands at $2,741/mo at 6.625% — $105/mo more than 30 days ago at 6.25%, and $122/mo above the February low when rates averaged 6.19% and P&I would have been $2,619.
If you're buying
Target listings in Murray that have been active 45 days or more — the under-$400K band (homes like those in the Willows and Waterbury corridors) is sitting at a median of 77 days, and sellers in that segment have shown willingness to negotiate below list. In the $400K–$700K band, where Brookstone and Old Farm homes are closing around $587K–$650K, look for the roughly 60% of closings that land below list price as your negotiating baseline; the 98.99% sale-to-list ratio is pulled up by the handful of well-priced homes that move quickly, not the stale inventory.
If you're selling
With 145 active listings competing for 35 buyers in April, Murray sellers need to price sharply from day one — homes that priced to last spring's frenzied 16-day market are now sitting well past 40 days. If your home is in the Chevy Chase or Jefferson Park neighborhoods, condition and price precision matter most: Chevy Chase closed two homes in April at a median of just 5 days on market, while comparable addresses that overreached are still sitting. Consider pricing 2–3% below the nearest comparable to avoid the stale-listing discount that kicks in around the 45-day mark.
Outlook
Over the next 60–90 days, Murray's market faces a rate headwind: with the 30-year now at 6.625% and the May monthly average tracking at 6.51%, affordability pressure is not easing. Inventory will likely continue building through May and June as the spring listing season peaks, which means buyers who were priced out of Salt Lake City's tighter corridors may find more negotiating room in Murray — but only if sellers adjust expectations to match the slower pace. Seasonal demand typically supports closings volume through June, but if rates hold above 6.5%, expect absorption to remain near the 4-month range rather than returning to the sub-3-month readings of spring 2025.
Watch for
If the 30-year rate crosses 7% before summer, expect Murray's active inventory to push past 160 homes and median DOM to extend toward 55 days, as the buyer pool for the $500K–$600K Brookstone and Ridges of Murray segment shrinks materially.
"More homes, more days, fewer deals — Murray's April tells a split story."
Common questions about Murray this month
Is Murray a buyer's or seller's market in April 2026? ▾
It's shifting toward buyers. With 145 active listings and only 35 closings in April, absorption sits at about 4.1 months — above the sub-3-month pace that defined Murray's seller-favored spring of 2025. Sixty percent of April closings landed below list price, and median days on market has more than doubled year-over-year to 41 days. Buyers have more leverage than they did a year ago, though well-priced homes in desirable pockets like Chevy Chase still move quickly.
Why are homes sitting longer in Murray this spring compared to last year? ▾
The combination of higher mortgage rates and more inventory is the primary driver. In April 2025, the 30-year rate averaged around 6.9% nationally but local demand was strong enough to push median DOM to just 16 days. Today, with rates at 6.625% and climbing — up 0.43 pp from February's low — the buyer pool has narrowed, especially in the $400K–$700K band where most Murray homes trade. More listings (145 active vs. 122 a year ago) mean buyers have alternatives and less urgency.
What price range is moving fastest in Murray right now? ▾
Homes priced above $700K are actually closing fastest in April 2026, with a median DOM of just 7 days across 7 closings — suggesting that well-qualified, less rate-sensitive buyers in that segment are still decisive. The $400K–$700K band, which includes much of Brookstone and Old Farm, is taking a median of 30 days. The under-$400K segment is the slowest, sitting at a median of 77 days, as affordability-stretched buyers face the steepest rate impact.
How does Murray compare to nearby Salt Lake City for buyers right now? ▾
Murray offers more inventory relative to demand than many Salt Lake City neighborhoods, and the 4.1-month absorption rate gives buyers more negotiating room than tighter Salt Lake City corridors. The median sale price of $535,000 in April 2026 is competitive for the mid-valley location and I-15 access. Buyers priced out of Salt Lake City's Sugarhouse or Millcreek areas often find Murray's Ridges of Murray and Chevy Chase neighborhoods offer comparable commute times at slightly more accessible price points.
Should I wait for rates to drop before buying in Murray? ▾
Rates have been volatile — they dipped to a 6.19% monthly average in February 2026 before climbing back to 6.42% in April and higher since. Waiting for a sustained rate drop is uncertain; what is more predictable is that Murray's inventory is currently elevated at 145 active listings, giving buyers negotiating leverage that may compress if rates do fall and demand picks back up. A buyer who locks a rate today and negotiates a price reduction on a home past 45 days on market may end up in a comparable position to one who waits for a rate move that may not materialize on a predictable timeline.
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
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
36 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 43 · 25th percentile 7 · 75th percentile 90
Needed a price change
Sold listings that had a recorded price change before close
3 of 36 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. Brookstone 3 sold · $610K · 44d
- 2. Park 2 sold · $706K · 215d
- 3. Chevy Chase 2 sold · $660K · 5d
- 4. Old Farm 2 sold · $650K · 36d
- 5. Bullion 2 sold · $602K · 99d
April 2026 by property type
How each housing type performed last month — 34 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 36 | 50 | -28.00% | 137 | 176 | -22.16% |
| Median Sale Price | $534,944 | $487,500 | +9.73% | $529,164 | $504,365 | +4.92% |
| Median DOM | 43 | 16 | +168.75% | 38 | 31 | +22.58% |
| Sale-to-List Ratio | 99.30% | 98.93% | +0.37% | 98.52% | 99.11% | -0.60% |
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.