Market analytics
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
July 2026 · Market Analysis
Murray closings slow to a crawl in July as rates near 7% thin the buyer pool
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Only 22 homes closed in Murray in July 2026, well below the 40-sale average of the prior year and barely more than half June's 36 — a light sample worth flagging before reading too much into any single number. Homes that did sell took a median 31 days, longer than June's 15 and May's 14, reversing a spring stretch of fast sales. With active listings at 180 against just 22 closings, this reads as a buyer's market: nothing sold above list price, and 19 of the 22 sales closed below asking.
Market pulse
Active inventory has climbed every month since February's 100, reaching 180 in July — up from 140 in June and 129 in May, even as new listings held near 62-74 a month. Days on market compressed to 14-15 days in May and June before jumping back to 31 in July, and the sale-to-list ratio slipped alongside it, from 99.14% in May to 96.37% in July. At July's pace, it would take about 8 months to sell everything currently listed, a clear break from the 3-month pace running from February through June — though with only 22 closings, that reading is being stretched thin by a smaller sample than usual.
Mortgage context
The 30-year rate averaged 6.79% in July and has since climbed to 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago. That 30-day move alone adds $64 to the monthly payment on a median-priced Murray home, a 2.6% jump that's pushing marginal buyers to pause or shift toward FHA financing at 6.375%.
Payment math
A median Murray home now runs $482,000, and financing it with 20% down at today's 6.875% rate means a $2,533 monthly principal and interest payment — $64 more than 30 days ago when the rate sat at 6.625%, and $174 above the $2,359 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With zero of July's 22 closings selling above list and 19 of 22 going below asking, you have real room to negotiate — especially in the under-$400K band where homes still sat a median 33 days. Look at Willows Condm and Cottonwood Coves, both active this month, where sellers took price cuts before closing (10 of 22 July sales had a prior price change). Don't chase the $533,750 median list price; recent closings landed nearly $52,000 below it.
If you're selling
Price to the $482,000 median sale, not the $533,750 median list — that gap is why nothing sold above asking in July. With active listings at 180 against just 22 sales, competition from other sellers is the real obstacle; homes in Brookstone and Park that priced realistically still moved in 29-36 days. If you're not seeing showings in two weeks, cut now rather than waiting for August's rate climb to shrink your buyer pool further.
Outlook
With rates already at 6.875% and climbing toward 6.88% in early August data, expect August and September closings to stay light unless sellers adjust pricing to match the $482,000 level buyers are actually paying, not the $533,750 they're asking. Inventory near 180 gives buyers more selection than they've had all year, and that leverage should hold into fall unless new listings drop off sharply from July's 69.
Watch for
If new listings keep arriving near June and July's pace of 62-69 a month while sales stay near 22-36, active inventory could push past 200 by fall, softening the sale-to-list ratio below July's 96.37%.
"Murray's slowest July in recent memory, with rates doing the damage"
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
23 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 31 · 25th percentile 11 · 75th percentile 41
Needed a price change
Sold listings that had a recorded price change before close
11 of 23 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 · $482K · 36d
- 2. Willows Condm 2 sold · $272K · 33d
- 3. Cottonwood Coves 2 sold · $119K · 100d
- 4. Brookstone 1 sold · $719K
- 5. Woodstock Village 2 1 sold · $700K
July 2026 by property type
How each housing type performed last month — 23 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 23 | 56 | -58.93% | 238 | 340 | -30.00% |
| Median Sale Price | $491,000 | $527,450 | -6.91% | $520,593 | $515,016 | +1.08% |
| Median DOM | 31 | 35 | -11.43% | 30 | 27 | +11.11% |
| Sale-to-List Ratio | 96.46% | 98.79% | -2.36% | 98.32% | 99.06% | -0.75% |
Past months
Browse historical Murray 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.