Market analytics · August 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
August 2026 · Market Analysis
Murray listings climb past 185 as August closings thin to a 12-month low
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Murray homes that sold in August moved faster — a median 17 days, down from July's 31 — but only 18 closed, roughly half the prior 12-month average of 38. That combination is the real story: speed looks good on paper, but it's measured across a shrinking group of sales while active listings climbed to 185, up from 151 in July and 94 back in February. This reads as a market tilting toward buyers, even with the quicker pace of the deals that did happen.
Market pulse
Active inventory has climbed every month since February's 94, reaching 185 in August against new listings that actually eased to 57 from July's 69. Median days on market swung from 14-15 in May and June to 31 in July and back down to 17 in August, a pattern that tracks more with which homes happened to close than any consistent shift in buyer urgency. Sale-to-list ratio recovered to 98.11% in August after dipping to 96.57% in July, and price cuts factored into 8 of the month's 18 closings. With sold count nearly halved from the spring's 36-42 range, this is a market where supply is building faster than demand is showing up to absorb it.
Mortgage context
The 30-year sits at 6.875% as of early September, up from 6.75% thirty days ago and well above February's 6.16% average. That steady climb — 6.16% in February to 6.77% by August's monthly average — is layering onto Murray's inventory build, giving buyers both more homes to choose from and a higher monthly cost to finance any of them.
Payment math
A Murray buyer financing the $568,000 median home with 20% down is looking at a $2,982 monthly principal-and-interest payment at today's 6.875% rate — $38 more than 30 days ago when the rate sat at 6.75%, and $213 above the $2,769 payment from February 2026, when the rate averaged 6.16%.
If you're buying
With only 18 closings against 185 active listings, you have room to negotiate — sold-below-list count dropped to 9 of 18 in August, but that's still half the month's deals. Look at Park, where two homes closed at a median 25 days and $560,000, or push on listings sitting past the 36-day mark (the 75th percentile), where sellers are more likely to talk price. Don't assume speed reflects competition here — it reflects a thin pool of closings, not multiple offers.
If you're selling
Price against what actually closed this summer, not last spring's list prices — median list price in August sat at $530,000 while the median sale came in at $567,500, showing buyers are still willing to pay for the right home but won't chase inflated asking prices. Homes like the one in Southwood that took 54 days to close show what happens when pricing doesn't match the comparable sales; expect to compete with 185 active listings for a buyer pool that's currently closing at less than half its usual pace.
Outlook
Expect active inventory to keep climbing through fall unless new listings pick back up from August's 57, since closings aren't running fast enough to work through the current shelf. Rates near 6.875% will keep squeezing the buyer pool further, particularly in the $400,000-$700,000 band where 10 of August's 18 sales closed. Sellers who price close to what's actually closing — not last spring's asking numbers — should still find buyers by early winter, but expect more negotiating room than Murray has seen since last year.
Watch for
If new listings stay below 60 a month while closings hold near 18-25, active inventory could push past 220 by November, stretching Murray's implied months-of-supply well past August's already-elevated reading.
"Murray's inventory outgrows its buyers in August"
Common questions about Murray this month
Is Murray a buyer's or seller's market in August 2026? ▾
Leverage has shifted toward buyers. Active listings reached 185 in August, up from 151 in July and more than 60% above February's 94, while only 18 homes closed — well under the prior 12-month average of 38. That gap between supply and closings is the clearest signal, even though days on market actually improved this month.
Why did homes sell faster in Murray this August if the market is supposed to be cooling? ▾
Median days on market dropped to 17 in August from 31 in July, but with just 18 closings that figure reflects a small, possibly self-selected group of faster-moving sales rather than a market-wide speedup. Compare that to the 185 homes still sitting active — the slower side of the market simply isn't closing yet.
How much has the median sale price moved in Murray? ▾
August's median sale price came in at $567,500, up from July's $499,000, but with only 18 closings that number can swing on a handful of higher-priced sales like the $790,000 close in Country Meadows. Treat it as a snapshot of what happened to sell, not a reliable read on where the broader market is priced.
What are current mortgage rates doing to Murray affordability? ▾
The 30-year averaged 6.77% in August and has since ticked up to 6.875% as of early September, up from 6.16% back in February. On Murray's $568,000 median home, that climb adds real dollars to the monthly payment and is part of why closings have thinned even as listings pile up.
Should sellers in Murray cut their price this fall? ▾
Eight of August's 18 closings already took a price cut before selling, and with 185 homes competing for a shrinking buyer pool, pricing close to what recent comparable sales actually closed at — not last spring's asking prices — is the safer play heading into fall.
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
August 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
20 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 17 · 25th percentile 7 · 75th percentile 34
Needed a price change
Sold listings that had a recorded price change before close
8 of 20 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. Park 2 sold · $560K · 25d
- 2. Cottonwood Creek Townhomes 2 sold · $517K · 13d
- 3. Country Meadows #D 1 sold · $790K · 10d
- 4. Tate 1 sold · $755K
- 5. Walden Hill 1 sold · $738K · 5d
August 2026 by property type
How each housing type performed last month — 20 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 20 | 47 | -57.45% | 260 | 387 | -32.82% |
| Median Sale Price | $560,000 | $545,000 | +2.75% | $524,166 | $518,657 | +1.06% |
| Median DOM | 17 | 30 | -43.33% | 29 | 27 | +7.41% |
| Sale-to-List Ratio | 98.10% | 98.21% | -0.11% | 98.30% | 98.95% | -0.66% |
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.