Market analytics · June 2026 archive
Orem, 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
Orem closings climb to 55 in June as buyers gain negotiating room
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June brought a meaningful uptick in closed sales: 55 homes sold in Orem, up 19.6% from May's 46 and matching the same count from June 2025. The volume gain is real, but the conditions behind it have shifted — the sale-to-list ratio slipped to 97.77%, down from 99.09% in May and 98.71% a year ago, meaning buyers are landing homes at a bigger discount off asking price than they were just a month ago. Active inventory reached 180 homes, the most since last summer, and 17 of the 55 closings involved a seller who had already cut their price — a signal that the list-price discipline of spring is loosening.
Market pulse
The clearest trend over the past six months is the steady expansion of supply alongside a softening in seller leverage. Active listings moved from 115 in March to 133 in April, 167 in May, and 180 in June — a 57% increase in three months. Days on market ticked up to 18 in June from May's 16, a modest move, but the share of homes selling below list price rose to 32 out of 55 closings. The sale-to-list ratio's drop to 97.77% is the softest reading since November 2025's 97.94%, and the median sale price pulled back to $500,000 from May's $541,950 — though the active shelf is listed at a median of $516,500, so the gap between what sellers are asking and what buyers are paying is worth watching. Lakecrest led June's activity with 3 closings at a median of $418,000, while Chambery Condo's 2 closings at $295,000 reflect continued demand at the lower end of the price range.
Mortgage context
The 30-year fixed rate has climbed steadily since February's 6.14% monthly average, moving through 6.48% in March, 6.55% in May, and 6.66% in June — a 0.74 percentage point climb that has added real weight to monthly payments. At today's spot rate of 6.875%, up 0.125 percentage points over the past 30 days, FHA borrowers have a slightly softer option at 6.375%, and VA-eligible buyers near Hill AFB or with military ties can access 6.5% — both meaningfully below the conventional rate for those who qualify.
Payment math
At $500,000 — Orem's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $2,628 at today's 6.875% rate, which is $33 more than 30 days ago at 6.75% and $194 above the February low when rates averaged 6.14% and that same loan would have run $2,434 a month.
If you're buying
Target homes that have been sitting 30 or more days — Chambery Condo units took a median 146 days to close in June, and the sale-to-list ratio on below-list closings suggests sellers in that range are negotiating. In the $400,000–$700,000 band, where 28 of June's 55 closings landed, days on market were just 7, so well-priced homes in that range still move fast — but the 17 price-cut closings across the full market tell you there's room to ask. If you're considering the Lakecrest area near Utah Lake, June's 3 closings at a median of $418,000 give you recent comparable sales to anchor an offer.
If you're selling
The 97.77% sale-to-list ratio means homes are closing about 2.2% below asking on average — if you price at last spring's peak expectations, you're likely to sit and eventually cut. With 180 active listings competing for buyers and 17 of June's closings involving a prior price reduction, the sellers who moved quickly priced right from day one. Homes in the $400,000–$700,000 range are still selling in a median 7 days when priced correctly, so condition and initial pricing matter more than timing right now — the BYU-area buyer pool that typically peaks around fall move-in is still a few months out, but summer foot traffic is real.
Outlook
Inventory at 180 homes and a softening sale-to-list ratio point toward continued buyer leverage through late summer. The rate trajectory — averaging 6.66% in June and trending toward the upper 6% range — will keep some Silicon Slopes tech-corridor buyers on the sideline, particularly those stretching into the $500,000–$600,000 range. The BYU fall semester typically brings a wave of family-sized demand to Orem in August and September, which could tighten things modestly, but sellers who haven't moved by then will face more competition from new listings that entered in May and June.
Watch for
At the current pace of new listings — 86 in June after 102 in May — active inventory could reach 200 or more homes by August, which would likely push the sale-to-list ratio into the low-97% range and extend median days on market past 25.
"More closings, more inventory, more price cuts — Orem's summer market is rebalancing in real time."
Common questions about Orem this month
Is Orem a buyer's or seller's market in June 2026? ▾
It's shifting toward buyers. The sale-to-list ratio dropped to 97.77% in June — meaning the typical home sold about 2.2% below asking — and 32 of 55 closings came in below list price. With 180 active listings and 17 closings involving a prior price cut, buyers have more room to negotiate than they did in April or May.
Why did Orem's median sale price drop from $541,950 in May to $500,000 in June? ▾
Part of the shift is compositional: June saw 18 closings under $400,000 compared to just 3 in May, which pulls the median down. The active shelf is still listed at a median of $516,500, so the gap between asking and closing prices is real — buyers are successfully negotiating, and some sellers who had priced aggressively are meeting the market.
How much does it cost to finance a home in Orem right now? ▾
At the current 30-year rate of 6.875%, a $500,000 home with 20% down runs $2,628 a month in principal and interest. That's $194 more per month than it would have been in February when rates averaged 6.14%. FHA financing at 6.375% can lower that figure for qualifying buyers.
Are homes in Orem sitting longer on the market? ▾
Not dramatically — the median days on market was 18 in June, up slightly from 16 in May but well below the 58-day median from January. The spread matters though: homes in the $400,000–$700,000 range sold in a median 7 days, while sub-$400,000 homes took a median 32 days. If your home isn't priced competitively, the slower end of that range is where you'll land.
What neighborhoods are seeing the most activity in Orem right now? ▾
Lakecrest led June with 3 closings at a median of $418,000 and 26 days on market — solid turnover for a mid-range community. Chambery Condo had 2 closings at $295,000, though those took 146 days, suggesting the condo segment near that price point requires patience or a sharper price. Cherapple Farms appeared again in June with a closing at $865,000 after a 73-day run, consistent with the longer timelines typical of the upper price range.
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
55 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 18 · 25th percentile 6 · 75th percentile 38
Needed a price change
Sold listings that had a recorded price change before close
17 of 55 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. Lakecrest 3 sold · $418K · 26d
- 2. Chambery Condo 2 sold · $295K · 146d
- 3. Countryside 1 sold · $1,015K · 4d
- 4. Woods 1 sold · $892K
- 5. Cherapple Farms 1 sold · $865K · 73d
June 2026 by property type
How each housing type performed last month — 53 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 55 | 55 | 0.00% | 282 | 284 | -0.70% |
| Median Sale Price | $500,000 | $515,000 | -2.91% | $506,239 | $509,914 | -0.72% |
| Median DOM | 18 | 19 | -5.26% | 30 | 26 | +15.38% |
| Sale-to-List Ratio | 97.77% | 98.71% | -0.95% | 98.49% | 99.00% | -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.