Market analytics · April 2026 archive
Provo, 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
April 2026 · Market Analysis
Provo closings jump 49% in April as BYU-area spring demand arrives early
Get this report emailed every month
✓ You're in — see you next month.
Provo's April 2026 closing count reached 70 homes — up 25% from March's 47 and up 25% from April 2025's 56 — marking the strongest April transaction volume in the two-year comparison window. The demand shift was the month's defining story: after a sluggish winter stretch where closings hovered between 41 and 47 from November through March, buyers returned in force as the BYU spring semester wound down and shoulder-season inventory opened up. Active listings climbed to 224, up from 203 in March and 162 a year ago in April 2025, giving buyers more selection than they've had at any point in the past 12 months.
Market pulse
Closings in Provo traced a clear trough-to-recovery arc over the past six months: 41 in November, 51 in December, 41 in January, 46 in February, 47 in March, then 70 in April — a 49% jump from March's 47. Days on market compressed sharply alongside that volume increase, with median DOM falling from 32 days in March to 19 days in April, and the 25th-percentile DOM dropping to just 5 days, signaling that well-priced homes near the Grandview and Rock Canyon corridors are moving quickly. The sale-to-list ratio held at 98.6% in April, essentially flat with the 98.2%–98.8% band that has persisted since September 2025, suggesting sellers are not yet conceding ground on price even as inventory builds. New listings reached 105 in April — the highest monthly intake since at least May 2025's 100 — which is why active inventory grew to 224 despite the strong closing pace.
Mortgage context
The 30-year fixed rate sits at 6.625% today — up 0.375 pp over the past 30 days from 6.25% — and has climbed 0.43 pp since February's monthly average of 6.19%, which was the softest rate of the past six months. That February dip briefly improved affordability for Provo buyers, but rates have since moved back above the 6.4%–6.5% range that defined October through December 2025, erasing most of that window. At current rates, a conventional 30-year loan on a median-priced Provo home carries a meaningfully higher monthly obligation than it did just 90 days ago.
Payment math
On a median-priced home today, P&I lands at $2,486/mo at 6.625% — $95/mo more than 30 days ago at 6.25%, and $111/mo above the February low when rates averaged 6.19% and P&I would have been $2,375.
If you're buying
Target homes that have been sitting 45 days or longer — in April, 38 of 70 closings went below list price, and the $400K–$700K band (41 closings, median DOM 22 days) still has stale listings where sellers haven't adjusted to the current rate environment. With 105 new listings entering in April and inventory at 224 active homes, buyers near the Provo Grandview and Riderwood Village neighborhoods have more negotiating room than at any point in the past year; ask for seller concessions on rate buydowns rather than chasing list-price reductions, since the sale-to-list ratio remains close to 99% on fresh listings.
If you're selling
Price to the current absorption reality — at 3.2 months of supply, Provo is not a distressed market, but the 38 below-list closings in April (versus only 10 above-list) show that overpriced homes are sitting. Sellers in the Grandview and Indian Hills neighborhoods, where luxury comps can skew expectations, should anchor to recent closed sales rather than active list prices; the median list price of $475,450 in April ran below the median sale price of $485,250, which means well-conditioned homes priced at or just under recent comps are still clearing at or above ask.
Outlook
Over the next 60–90 days, Provo's market will be shaped by two competing forces: seasonal demand from BYU graduation and summer family relocations tied to the Silicon Slopes tech corridor in nearby Lehi and American Fork, and the rate headwind from a 30-year now at 6.625% and trending higher. If new listings continue running above 90–100 per month through May and June — as they typically do in the spring permitting season — active inventory could push past 250, which would give buyers in the under-$400K segment more leverage than they've had since early 2025. Buyers priced out of Lehi's $600K-plus resale market may continue to look at Provo's $400K–$500K band as a relative value, which should keep absorption from softening dramatically even if rates hold above 6.5%.
Watch for
If the 30-year fixed rate crosses 7%, expect median DOM in Provo's $400K–$700K band to stretch back toward the 40–50 day range seen in January 2026, and months-of-supply to climb past 4.5 as buyer qualification thresholds tighten.
"Provo's spring switch flipped — 70 closings, rising inventory, and a rate headwind that buyers are absorbing for now."
Common questions about Provo this month
Is Provo a buyer's or seller's market in April 2026? ▾
It's a balanced-to-slight-seller's market, but shifting. Absorption sits at 3.2 months — below the 4–6 month neutral range — which technically favors sellers. However, 38 of 70 April closings went below list price, and active inventory is at its highest point in over a year at 224 homes, so buyers have more selection and negotiating room than they did in mid-2025.
Why did so many homes close in April compared to the winter months? ▾
Provo's market has a pronounced seasonal rhythm tied to the BYU academic calendar and the broader spring buying cycle. Closings typically trough in November–January (41–51 range) and accelerate once the semester winds down and families begin planning summer moves. April's 70 closings also reflect contracts written in February and March when rates briefly dipped to a 6.19% monthly average, pulling forward some demand.
How much does the current mortgage rate affect a Provo home purchase? ▾
At today's 6.625% rate, the principal-and-interest payment on a median-priced Provo home ($485,250) is approximately $2,486/mo — $95/mo more than 30 days ago when rates were at 6.25%, and $111/mo above the February low when rates averaged 6.19%. That February window has closed, and rates have been climbing since March's 6.48% monthly average.
Are homes in Provo selling above or below asking price right now? ▾
Most are selling below list. In April 2026, 38 of 70 closings went below list price, 22 closed at list, and only 10 went above. The overall sale-to-list ratio was 98.6%, meaning the typical home sold for about 1.4% under its asking price — consistent with the 98.1%–98.8% range that has held since September 2025.
Which Provo neighborhoods or price bands are moving fastest right now? ▾
The $400K–$700K band led volume with 41 closings at a median DOM of 22 days and a median sale price of $501,000 — neighborhoods like Riderwood Village and Grandview saw multiple closings in this range. Interestingly, the over-$700K segment posted a median DOM of just 5 days in April, though with only 8 closings that figure can be skewed by a handful of well-priced luxury listings near Indian Hills and Hillside Oaks. The under-$400K segment (21 closings) took longer at a median 35 days, reflecting tighter financing conditions for entry-level buyers at current rates.
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
April 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
70 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 19 · 25th percentile 5 · 75th percentile 67
Needed a price change
Sold listings that had a recorded price change before close
4 of 70 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. Whisperwood 2 sold · $683K · 33d
- 2. Grandview 2 sold · $597K · 59d
- 3. Riderwood Village 2 sold · $526K · 12d
- 4. Indian Hills 1 sold · $3,385K · 13d
- 5. Hillside Oaks 1 sold · $2,088K · 7d
April 2026 by property type
How each housing type performed last month — 70 closings total across subtypes.
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 70 | 56 | +25.00% | 204 | 217 | -5.99% |
| Median Sale Price | $485,250 | $420,000 | +15.54% | $470,293 | $459,630 | +2.32% |
| Median DOM | 19 | 14 | +35.71% | 42 | 20 | +110.00% |
| Sale-to-List Ratio | 98.65% | 98.95% | -0.30% | 98.42% | 98.85% | -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.