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 are closing in days — but buyers now hold more cards than a year ago.
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The speed of closings in North Salt Lake took a striking turn in June 2026: the median days on market fell to just 3 days, down from 12 in May and 13 in June 2025, meaning the typical home that sold last month was under contract almost immediately after hitting the MLS. Yet that velocity coexists with a more complicated picture — active inventory reached 95 homes, more than double the 43 active listings from June 2025, and 16 of 22 closings settled below list price. Homes are moving fast, but sellers are increasingly meeting buyers partway on price to make it happen.
Market pulse
Days on market in North Salt Lake have swung dramatically over the past six months: 33 days in January, 42 in February, then a sharp drop to 16 in March and April, 12 in May, and now just 3 in June — the fastest median close time in this six-month run. Active inventory has moved in the opposite direction, climbing from 55 homes in February to 57 in March, 69 in April, 80 in May, and 95 in June, giving buyers a steadily widening selection. The sale-to-list ratio eased to 98.23% in June from 99.63% in May and 100% in June 2025, reflecting the growing share of closings that required a price concession. New listings held relatively steady at 40 in June after 42 in May and 43 in April, so the inventory build is being sustained by homes sitting rather than a sudden wave of new supply.
Mortgage context
The 30-year fixed rate in North Salt Lake's Davis County market sits at 6.75% as of early July, up 0.125 percentage points over the past 30 days from 6.625%. That follows a volatile six-month stretch: rates dipped to a monthly average of 6.19% in February before climbing through March (6.48%), April (6.42%), May (6.55%), and June (6.66%), adding meaningful cost at every step. Buyers using jumbo financing — relevant for the growing share of Eaglewood Estates and Ridge Sub closings above $800,000 — face a steeper 7.375% rate, which meaningfully narrows the pool of qualified buyers in that segment.
Payment math
At $607,000 — the June median in North Salt Lake — a buyer putting 20% down carries a monthly principal-and-interest payment of $3,147 at today's 6.75% rate, which is $40 more than the same calculation at 6.625% thirty days ago, and $178 above what that payment would have been in February when rates averaged 6.19% and the monthly figure would have landed at $2,969.
If you're buying
With 95 active listings and a median days-on-market of just 3, the market is split: well-priced homes in Foxboro and Clifton Place are going quickly, while the 8 June closings that involved a price reduction before contract suggest that overpriced listings are negotiable. Target homes that have been active for more than 20 days — the sale-to-list ratio on those is tracking closer to 96-97%, giving you real room to negotiate. If you're eyeing the $400,000–$700,000 band, that segment's median days on market was just 3 days in June, so come pre-approved and ready to move; the upper end above $700,000 (median 8 days on market) gives you slightly more time to deliberate.
If you're selling
The 3-day median close time is encouraging, but 16 of 22 June closings settled below list price — so pricing to last spring's 100% sale-to-list ratio is a strategy that's leaving sellers sitting. In Eaglewood Estates and the Ridge Sub corridor, where luxury buyers are also weighing jumbo rates above 7%, list price discipline matters more than ever; homes in that segment that priced aggressively took up to 39 days to close. Come in 1-2% below what comparable homes listed for in April and May, make sure the home shows well in North Salt Lake's warm June selling weather, and you'll likely see a contract within the first week.
Outlook
With 95 active homes and new listings continuing to arrive at roughly 40 per month, inventory is likely to stay elevated through July and August, keeping the sale-to-list ratio in the 97-98% range rather than recovering toward last year's 100%. Rate trajectory is the other variable: if the 30-year holds above 6.75% through summer, the pool of buyers who can qualify for Foxboro North and Eaglewood price points will remain constrained, and days on market could tick back up from June's unusually low reading. Buyers who have been waiting on the sidelines for more selection now have it — but the window where rates were meaningfully lower has closed for the near term.
Watch for
At the current pace of new listings (roughly 40-43 per month) against 22 closings, active inventory could cross 120 homes by September — at which point the sale-to-list ratio would likely drift into the low-97% range and days on market would extend back toward the 15-20 day territory seen in spring.
"Three-day median close time, 95 homes to choose from: June 2026 is North Salt Lake's fastest-yet most competitive month for sellers."
Common questions about North Salt Lake this month
Is North Salt Lake a buyer's or seller's market in June 2026? ▾
It's genuinely mixed. The 3-day median days on market and 95 active listings tell two different stories: well-priced homes in neighborhoods like Foxboro and Clifton Place are moving almost immediately, while 16 of 22 closings settled below list price and 8 involved a price cut before going under contract. Buyers have more leverage than a year ago, but they still need to move quickly on correctly priced homes.
Why are homes selling so fast if there's more inventory? ▾
The 3-day median reflects the homes that actually closed in June — those were the ones priced right and in good condition. The growing inventory of 95 active listings includes homes that haven't sold yet, many of which have been sitting longer. The fast closings and the rising inventory aren't contradictory; they reflect a market where the best-priced homes move instantly and the rest wait.
How much has the mortgage rate increase affected what I'd pay monthly in North Salt Lake? ▾
On a $607,000 home with 20% down, the monthly principal-and-interest payment is $3,147 at today's 6.75% rate. That's $178 more per month than the same calculation in February when rates averaged 6.19% — a meaningful difference over the life of a loan. Buyers using jumbo financing for homes above roughly $800,000 (like those in Eaglewood Estates) face rates around 7.375%, which adds even more to the monthly cost.
What price range is moving fastest in North Salt Lake right now? ▾
The $400,000–$700,000 band had a median of just 3 days on market in June, with 11 closings. The under-$400,000 segment also moved quickly at a median of 0 days, though only 3 homes closed there. Homes above $700,000 — including Eaglewood Estates and Ridge Sub properties — took a median of 8 days, still fast but with more room for negotiation given jumbo rate headwinds.
Are sellers cutting prices in North Salt Lake? ▾
Yes, more than in recent months. Eight of the 22 June closings involved a price reduction before going under contract — a figure that's only been tracked reliably since May 2026, when just 1 of 23 closings had a prior price cut. That shift, combined with 16 of 22 closings settling below the final list price, suggests sellers who price to last year's market are finding they need to adjust to get to the closing table.
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 ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
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 3 · 25th percentile 0 · 75th percentile 18
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% | 132 | 114 | +15.79% |
| Median Sale Price | $583,000 | $495,000 | +17.78% | $533,621 | $498,720 | +7.00% |
| Median DOM | 3 | 13 | -76.92% | 19 | 23 | -17.39% |
| 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.