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 sellers cut prices as closings slip and inventory builds past 150
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Murray closed 36 homes in June 2026, down 14% from May's 42 and below the 53 sold in June 2025 — even as active listings climbed to 152, the highest mark in the past six months. That combination, more homes for sale chasing fewer buyers, is the story of the month: sellers took price cuts on 11 of those 36 closings, compared with just 1 in June 2025.
Market pulse
Active listings moved from 106 in January to 152 in June, climbing every month since March's 104. Median days on market held near 14-15 days in May and June, but that speed masks weakening leverage: sold-below-list count rose to 27 of 36 in June from 21 of 42 in May, and the sale-to-list ratio slipped to 97.77% from 99.14%. Sold counts have run below the prior 12-month average of 42 for two straight months, with June's 36 sitting at 86% of that pace. At June's pace it would take about 4.2 months to sell everything currently listed, up from 3.24 months in May.
Mortgage context
The 30-year averaged 6.66% in June and climbed further to 6.73% in July, part of a run-up from February's 6.19% low. At today's spot rate of 6.875%, up 0.25 percentage points from 6.625% thirty days ago, borrowing costs are compounding the inventory build by keeping some buyers on the sidelines.
Payment math
A $536,000 median-priced Murray home with 20% down runs $2,819 a month in principal and interest at today's 6.875%, up $71 from $2,748 just 30 days ago at 6.625%, and $193 above the $2,626 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
Closings fell 14% from May's 42 to June's 36 even as active listings reached 152, so the leverage is shifting toward buyers who wait — 27 of June's 36 sales closed below list versus just 6 above. Target homes carrying a price cut (11 of the 36 closings had one) and lean on the under-$400k band, where median days on market stretched to 43 versus 13 in the $400k-$700k range. With rates at 6.875%, get quotes locked early since another 0.25-point move would add real dollars to the payment.
If you're selling
Price to the $499,945 median list, not last spring's numbers — sale-to-list slipped to 97.77% in June from 99.14% in May, and only 3 of 36 sales closed exactly at list. Homes in the $400k-$700k band still moved in a median 13 days, so properties in that range priced realistically from day one are outperforming; anything languishing past three weeks should expect a cut, which is already what happened in 11 of June's closings.
Outlook
With active inventory at 152 and new listings still arriving at 62 a month, expect sellers to keep trimming asking prices through late summer unless closings rebound toward the 42-per-month pace seen in May. Rates near 6.875% and climbing into July give buyers little urgency to compete on price, so the sale-to-list ratio likely drifts further below 98% before Labor Day. Homes in Murray Parkway Estates and Chevy Chase that priced correctly this spring still moved fast; that gap between well-priced and stale listings should widen.
Watch for
If new listings keep arriving above 60 a month while closings stay under 40, months of supply likely climbs past 5 by September and pushes the sale-to-list ratio toward the mid-96% range.
"Murray's inventory outpaces its buyers this June"
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.