Market analytics · June 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
June 2026 · Market Analysis
Murray's June closings pull back even as summer selling weather peaks
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June brought Murray's warmest selling conditions of the year, but closed sales fell to 36 — down 14.3% from May's 42 and well below the 53 closings recorded in June 2025. That year-over-year drop is the headline: a third fewer homes changed hands compared to last June, even as new listings climbed to 62 and active inventory reached 118. The gap between what sellers are asking and what buyers are paying has also widened — the median list price sat at $502,500 while the median sale price came in at $536,450, a figure pulled upward by a handful of higher-end closings in Murray Parkway Estates and Walden Ridge rather than broad price strength.
Market pulse
The sale-to-list ratio slipped to 97.77% in June, the softest reading since February's 97.43% and a clear step down from April's 99.3% and May's 99.14%. That shift matters: 27 of 36 closings came in below asking price, compared to just 19 of 36 in April. Median days on market held near May's pace at 15 days, so homes are still moving reasonably quickly once they find a buyer — but the negotiating room has opened up noticeably. Active inventory climbed from 110 in May to 118 in June, continuing a gradual build that started from a low of 89 homes in December.
Mortgage context
The 30-year fixed rate has climbed steadily since February's monthly average of 6.14%, moving through 6.48% in March, 6.55% in May, and 6.66% in June before reaching a spot rate of 6.875% today — a climb of 0.74 percentage points over that span. That trajectory has added real weight to monthly payments on Murray's median-priced home, and it's a credible explanation for why buyer demand softened even as the calendar hit peak selling season. VA and FHA options at 6.375%–6.5% are worth a close look for qualifying buyers trying to stay under $2,500 a month.
Payment math
At $536,000 — Murray's June median — financing with 20% down at today's 6.875% rate puts the monthly principal and interest at $2,819, which is $36 more than it was 30 days ago when the rate stood at 6.75%, and $207 above the February low when rates averaged 6.14% and that same loan would have cost $2,612 a month.
If you're buying
With 27 of 36 June closings landing below list price, the negotiating environment has shifted meaningfully — target homes that have been sitting past 40 days, where sellers are already demonstrating flexibility. Waterbury, which saw two closings at a median of $329,125 with 43 days on market, is the kind of pocket where patient buyers can find room. If you're eyeing the $400K–$700K band, that segment closed at a median of $550,000 in June with homes moving in about 13 days — well-priced entries there still go quickly, so don't wait on those.
If you're selling
The days of pricing at or above list and expecting full-price offers are behind Murray for now — 75% of June closings came in below asking. Price to the lower end of what recent comparable sales support, not the top, and expect buyers to negotiate another 2%–3% from there. Homes in established pockets like Murray Parkway Estates and Walden Ridge are still closing in the high $800Ks to $900Ks, but those results reflect condition and location, not a forgiving market — presentation and accurate pricing matter more than they did six months ago.
Outlook
Inventory is building and the rate environment is not improving — the monthly average rate has risen in four of the past five months, and at current levels buyers financing a median-priced Murray home are paying $207 more per month than they were in February. Expect the sale-to-list ratio to stay in the 97%–98% range through summer, with sellers who overprice relative to what's actually closing in their neighborhood facing extended time on market. Buyers priced out of Salt Lake City's higher-cost corridors will keep Murray on their shortlist, which should put a floor under demand — but the urgency that defined last spring is gone.
Watch for
At the current pace of new listings running above 60 per month against 36 closings, active inventory likely crosses 140 homes by August — and if it does, the sale-to-list ratio probably drifts into the mid-96% range, giving buyers even more room to negotiate.
"Fewer deals, more negotiation — Murray's June tells buyers the leverage is shifting their way."
Common questions about Murray this month
Is Murray a buyer's or seller's market in June 2026? ▾
It's edging toward buyer's territory. Three-quarters of June closings came in below list price, the sale-to-list ratio dropped to 97.77%, and active inventory is building. That said, well-priced homes in the $400K–$700K range are still moving in about 13 days, so it's not a slow market — it's a more negotiable one.
Why did Murray home sales drop so much compared to last June? ▾
Closings fell from 53 in June 2025 to 36 in June 2026, a drop of 32%. The most direct factor is the rate environment: the 30-year fixed has climbed from a February average of 6.14% to a current spot rate of 6.875%, adding $207 to the monthly principal-and-interest payment on a median-priced Murray home. That cost increase has pulled some buyers to the sidelines or pushed them toward lower price points.
Are Murray home prices going up or down? ▾
The June median sale price of $536,450 is up slightly from June 2025's $530,000, but that figure is influenced by a few high-end closings in Murray Parkway Estates and Walden Ridge. The under-$400K segment closed at a median of $255,000 in June, down from $278,000 a year ago, suggesting softer conditions at the entry level. Broad price strength is limited right now.
How long does it take to sell a home in Murray right now? ▾
The median was 15 days on market in June, nearly identical to May's 14 days and June 2025's 16 days. But that median masks a split: a quarter of homes took longer than 43 days to close, and those are the listings where buyers have real negotiating leverage. If your home isn't priced sharply, expect to be in that slower group.
Should I buy in Murray now or wait for rates to drop? ▾
Rates have moved up in four of the past five months and there's no clear signal of a near-term reversal. Waiting carries its own risk — if inventory keeps building and sellers grow more flexible, you may get a better negotiated price, but at a higher rate. If you find a home past 40 days on market where the seller has already cut the price, the current environment gives you real room to negotiate — that combination is worth more than timing the rate market perfectly.
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
36 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 15 · 25th percentile 5 · 75th percentile 43
Needed a price change
Sold listings that had a recorded price change before close
11 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. Waterbury 2 sold · $329K · 43d
- 2. The Willows 2 sold · $243K
- 3. Murray Parkway Estates 1 sold · $910K · 7d
- 4. Walden Ridge 1 sold · $880K
- 5. Woodstock Village #2 1 sold · $795K · 5d
June 2026 by property type
How each housing type performed last month — 35 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 36 | 53 | -32.08% | 215 | 284 | -24.30% |
| Median Sale Price | $536,450 | $530,000 | +1.22% | $523,759 | $512,564 | +2.18% |
| Median DOM | 15 | 16 | -6.25% | 30 | 25 | +20.00% |
| Sale-to-List Ratio | 97.77% | 99.20% | -1.44% | 98.51% | 99.11% | -0.61% |
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.