Market analytics · June 2026 archive
North Salt Lake, 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
North Salt Lake homes close in 9 days even as price cuts spread across listings.
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Median days on market in North Salt Lake dropped to 9 in June 2026, down 31% from 13 in May and the fastest close time of the past six months. That speed masks some friction underneath: nine of June's 23 closings came after a price cut, more than any other month in this run, and the median list price has actually fallen for three straight months even as the median sale price keeps climbing to $583,000.
Market pulse
Days on market have fallen steadily since the winter: 44 in December, 33 in January, 42 in February, then 16 in both March and April, 13 in May, and 9 in June. Active inventory has moved the opposite direction, climbing from 59 in March to 72, 79, and now 88 in June — the highest level of the past six months even as new listings held near 40. Sale-to-list ratio slipped to 98.4% in June from a run near 99% in March through May, and sold-below-list closings jumped to 16 of 23, up from 11 of 24 in May. Compared to June 2025's 28 closings at a 100% sale-to-list ratio, this June's 23 closings at 98.4% show a market that's cooled slightly on leverage even as it speeds up on timing.
Mortgage context
The 30-year mortgage rate has climbed from 6.19% in February to 6.66% in June and now sits at 6.875%, up 0.25 percentage points in the past 30 days. That climb is landing directly on affordability at North Salt Lake's price point — buyers who were shopping in February's low-rate window are now facing a materially higher payment for the same home.
Payment math
A $583,000 median home with 20% down now runs $3,064 a month in principal and interest at 6.875%, up $78 from $2,986 just 30 days ago at 6.625%, and $210 above the $2,854 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
Sold-below-list deals dominated June (16 of 23 closings), so there's still room to negotiate off list price despite the fast pace — start there rather than assuming you need to bid over asking. Watch the under-$400k band specifically: only 3 homes closed there and they sat a median 68 days, the one soft spot in an otherwise quick-moving market. With rates at 6.875%, get pre-approved before touring so you can move within days, not weeks, once you find something in the $400k-$700k range.
If you're selling
Homes across price bands are closing in single-digit days on market again — 6 days in the $400k-$700k band, so overpricing is the main risk, not underpricing. Nine of June's 23 closings involved a price cut first, more than any month since at least January, a signal that initial asking prices are running ahead of what buyers at 6.875% can stretch to. Price close to what Foxboro, Clifton Place, and Ridge Sub comparable sales are actually closing at, not last spring's numbers.
Outlook
Expect inventory to keep building through late summer as new listings continue outpacing the roughly 23-a-month closing pace, which should keep nudging the sale-to-list ratio down from June's 98.4%. Rates near 6.875% will likely keep buyers focused on the $400k-$700k band, where June's 12 closings moved in a median 6 days, while the over-$700k segment — Eaglewood Estates, Scenic Hill, The Ridge Sub — takes longer at 18 days median. Warm, dry conditions typical of a Davis County June should keep showing activity high through August, but the rate direction matters more than the calendar for how long this pace holds.
Watch for
If active inventory keeps climbing at its current pace — 72 in April, 79 in May, 88 in June — and the 30-year holds above 6.75%, expect sale-to-list to slide toward 97% by late summer as sellers compete harder for a shrinking pool of qualified buyers.
"Faster sales, pricier financing — North Salt Lake's speed hides a widening rate squeeze."
Common questions about North Salt Lake this month
Is North Salt Lake a buyer's or seller's market in June 2026? ▾
It's mixed. Homes are closing in a median 9 days, which sounds like a seller's market, but 16 of 23 June sales closed below list price and 9 needed a price cut to get there. Sellers are getting speed, not necessarily their asking price, while active inventory at 88 homes gives buyers more room to negotiate than they had in March.
Why are homes selling so fast in North Salt Lake if inventory is rising? ▾
Days on market fell to 9 in June from 13 in May and 44 back in December, even as active listings climbed to 88 from 59 in March. The likely explanation is pricing: median list price has dropped for three straight months to $483,500 in June, so homes are hitting the market closer to what buyers at 6.875% can actually afford, which speeds up closings.
How much has the mortgage rate increase affected payments in North Salt Lake? ▾
On the $583,000 median home with 20% down, the monthly principal-and-interest payment is now $3,064 at 6.875%, up $78 from 30 days ago and $210 above what buyers paid in February when rates averaged 6.19%. That's a real difference in monthly cost for the same home, not just a rate-sheet number.
Should I expect more price cuts in North Salt Lake this summer? ▾
June had 9 of 23 closings involving a price cut, the most of any month tracked here, so it's a reasonable expectation that overpriced listings keep getting adjusted. With inventory at 88 homes and rising, sellers who price above recent closings in Foxboro or Clifton Place are the most likely candidates for a cut.
Which North Salt Lake neighborhoods are seeing the most activity right now? ▾
Eaglewood Estates, Ridge Sub, and Clifton Place each had 2 closings in June, with Eaglewood Estates selling at a median $822,000 and Clifton Place at $458,728, showing the spread between the city's upper and entry price bands. The under-$400k segment was thin, just 3 sales, and sat a median 68 days, the slowest corner of an otherwise fast market.
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
23 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 9 · 25th percentile 5 · 75th percentile 29
Needed a price change
Sold listings that had a recorded price change before close
9 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. Eaglewood Estates 2 sold · $822K · 15d
- 2. Ridge Sub 2 sold · $778K · 39d
- 3. Clifton Place 2 sold · $459K · 7d
- 4. Scenic Hill Sub 1 sold · $1,233K · 5d
- 5. The Ridge Sub 1 sold · $1,114K · 26d
June 2026 by property type
How each housing type performed last month — 23 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 23 | 28 | -17.86% | 133 | 114 | +16.67% |
| Median Sale Price | $583,000 | $495,000 | +17.78% | $533,000 | $498,720 | +6.87% |
| Median DOM | 9 | 13 | -30.77% | 21 | 23 | -8.70% |
| Sale-to-List Ratio | 98.40% | 100.00% | -1.60% | 98.63% | 99.07% | -0.44% |
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.