Market analytics · August 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
August 2026 · Market Analysis
North Salt Lake homes take 70 days to sell in August, nearly double July's pace.
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Homes in North Salt Lake took a median 70 days to sell in August 2026 — up from 24 in July and nearly eight times June's 9-day pace. That's the clearest sign yet that the spring speed has reversed: active inventory reached 84, its highest mark of the past six months, while August's 16 closings ran well below the prior 12-month average of 22.
Market pulse
Homes in North Salt Lake have slowed sharply since spring: median days on market moved from 9 in June to 24 in July and now 70 in August — nearly double the July pace and the slowest close time in this six-month run. Active inventory kept climbing the whole time, from 66 in June to 74 in July and 84 in August, while new listings held flat at 30 for two straight months. Closings fell to 16 in August, well under the prior-12-month average of 22, and the sale-to-list ratio slipped to 95.75%, its softest reading since at least last winter. Sellers are also cutting: 7 of the 16 closings this month came after a price reduction, the most of any month since June's 9.
Mortgage context
The 30-year sits at 6.875% today, up 0.125 percentage points in the past 30 days and continuing a climb that's run since February's 6.16% average. That's made every offer in North Salt Lake more expensive to carry, and it's a real contributor to the slower pace and lower closing count this month.
Payment math
On the $488,000 August median with 20% down, the monthly principal and interest payment runs $2,562 at today's 6.875% — $32 more than the $2,530 payment 30 days ago at 6.75%, and $183 above the $2,379 payment buyers enjoyed back in February, when rates averaged 6.16%.
If you're buying
With median days on market at 70 and only 5 of 16 August closings going at or above asking, you have real room to negotiate — especially on the 4 homes that closed over $700K, which took a median 83 days. Look hard at Clifton Place Townhomes, where the two closings this month landed near $401,000, well under the neighborhood's spring pricing. Don't anchor to the $552,450 median list price — actual closings ran $487,500, a real gap between what sellers ask and what buyers pay.
If you're selling
Seventy days is the new normal, not 9 like June — price to that reality or expect a stale listing. Seven of August's 16 sales came after at least one price cut, so building in a realistic number from day one beats chasing the market down. If your home is in the $400K-$700K band, know that segment's median sale time is now 31 days and the price came in at $517,500 — price near there, not near June's $583,000 median.
Outlook
With 84 homes active against just 16 August sales, expect the slower pace to continue into fall unless new listings pick back up from their current 30-a-month rate. Rates near 6.875% and climbing since spring will keep some buyers on the sidelines, particularly above $700K where days on market already sit at 83. Sellers who need to close before winter should expect negotiation on price, not multiple offers.
Watch for
If new listings stay capped near 30 a month while active inventory keeps climbing past 84, months-of-supply readings could push toward 6 by November, tipping this further toward buyers.
"North Salt Lake's slowdown deepens as August closings take twice as long as June's."
Common questions about North Salt Lake this month
Is North Salt Lake a buyer's or seller's market in August 2026? ▾
Data points toward buyers right now. Days on market jumped to 70, active inventory reached 84 — the highest in six months — and homes are closing at 95.75% of list price, the softest ratio in this stretch. Sellers still get offers, but they're waiting longer and negotiating more than they were in June.
Why are homes taking so much longer to sell in North Salt Lake? ▾
Median days on market went from 9 in June to 24 in July to 70 in August, even as new listings held flat around 30 a month and active inventory kept climbing. More choices for buyers combined with mortgage rates near 6.875% — up from 6.16% in February — appear to be slowing decisions on both sides.
What did homes actually sell for in North Salt Lake in August 2026? ▾
The median sale price was $487,500, well under the $552,450 median list price. Homes in the $400K-$700K range sold at a median $517,500 after a typical 31 days on market, while the 4 sales above $700K took a median 83 days at $866,500.
How much has the higher mortgage rate added to monthly payments here? ▾
On the $488,000 August median with 20% down, principal and interest runs $2,562 a month at today's 6.875% rate, up $32 from 30 days ago and $183 above the $2,379 payment buyers had in February when rates averaged 6.16%.
Are sellers cutting prices in North Salt Lake? ▾
Yes — 7 of the 16 homes that closed in August had at least one price reduction first, the most of any month since June's 9. With inventory at 84 and demand cooling, pricing right from the start matters more than it did in spring.
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
16 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 70 · 25th percentile 32 · 75th percentile 83
Needed a price change
Sold listings that had a recorded price change before close
7 of 16 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. Foxboro 2 sold · $551K · 31d
- 2. Clifton Place Townhomes 2 sold · $401K
- 3. Eaglepointe Estates 1 sold · $1,777K · 94d
- 4. Scenic Hills #3 1 sold · $878K · 70d
- 5. Amberly Place 5 1 sold · $855K · 195d
August 2026 by property type
How each housing type performed last month — 14 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 16 | 28 | -42.86% | 168 | 152 | +10.53% |
| Median Sale Price | $487,500 | $554,000 | -12.00% | $522,673 | $511,134 | +2.26% |
| Median DOM | 70 | 19 | +268.42% | 26 | 24 | +8.33% |
| Sale-to-List Ratio | 95.75% | 98.52% | -2.81% | 98.35% | 98.86% | -0.52% |
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.