Market analytics
Salem, 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
Salem sales cool from May's pace as Viridian closings slow and rates near 6.9%
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Closed sales in Salem fell to 36 in June 2026, down 42% from May's 62 and the softest month since April's 44. That pullback came even as active listings kept climbing to 220 homes, up from 197 in May and 198 in April, so fewer buyers are now working through a bigger pool of choices. Compared with June 2025's 48 closings, this June's 36 is a step down even though the median sale price rose to $552,500 from $433,963 a year earlier.
Market pulse
Closed sales have swung sharply this spring: 44 in April, a jump to 62 in May, then back down to 36 in June. Median days on market has moved the other direction, rising from 22 in the 400K-700K band in May to 42 in June, and the overall figure is now 42 days versus 25 back in February. The sale-to-list ratio slipped to 99.71% in June from 100.18% in May, and 15 of the 36 June closings took a price cut before selling, the highest share of any month this year. Viridian remains the volume leader with 13 sales in June, down from 21 in May, suggesting the subdivision that has anchored Salem's entry-level activity all year is also cooling first.
Mortgage context
The 30-year rate has climbed in five of the last six months, from 6.19% in February to 6.66% in June and now sits at 6.875% today, up 0.25 percentage points from 6.625% just 30 days ago. That 30-day move alone adds $73 a month to payments on a median-priced Salem home, a 2.6% jump that's arriving right as closings are already slowing.
Payment math
A $553,000 median-priced home in Salem with 20% down now runs $2,904 a month in principal and interest at today's 6.875%, up $73 from $2,830 just 30 days ago at 6.625%, and $200 above the $2,704 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With active listings at 220 and June's pace of just 36 closings, buyers have more room to negotiate than they did in May — target homes sitting past the 42-day median, especially in the 400K-700K band where 15 price cuts already happened this month. Garrett's Place and Moonlight Village listings are running well over 200 days on market, a good place to start conversations below list.
If you're selling
Pricing needs to reflect that 15 of June's 36 closings involved a price cut and the sale-to-list ratio dropped under 100% for the first time since April. Sellers outside Viridian's tighter 19-day pace should price close to recent comparable sales rather than testing the market, since anything priced for May's conditions risks the 97-day wait buyers in the top price quarter are already seeing.
Outlook
Expect closings to stay choppy through late summer as the 30-year hovers near 6.875% and active inventory keeps building past 220 homes. If new listings hold near June's 62 while sales stay in the mid-30s to low-40s, days on market will likely keep drifting past the 42-day mark and price cuts will become more common rather than less.
Watch for
If the 30-year crosses 7% before September, expect June's already-slower 36 closings to drop further into the 20s, pushing months-of-supply past the 6.11 level just posted in June.
"Salem's demand pulls back from May's peak just as borrowing costs climb toward 7%."
Common questions about Salem this month
Is Salem a buyer's or seller's market in June 2026? ▾
Conditions are shifting toward buyers: active listings reached 220 while only 36 homes closed, and the sale-to-list ratio slipped to 99.71%. Fifteen of the 36 June closings involved a price cut before selling, which points to sellers giving ground rather than buyers competing for scarce inventory.
Why did Salem home sales slow down in June 2026? ▾
Closings dropped to 36 from 62 in May, a 42% pullback, while the 30-year mortgage rate climbed to 6.875% from 6.625% just a month earlier. That combination of higher borrowing costs and a larger pool of active listings (220 homes) appears to be pushing some buyers to the sidelines.
What is the median home price in Salem right now? ▾
June 2026 closings had a median sale price of $552,500, up from May's $542,990 but still below January's $649,990, which reflects a shift toward more mid-range sales rather than a clean price trend. With only 36 closings this month, that median can move around more than it would in a heavier sales month.
How much does a mortgage rate increase affect payments on a typical Salem home? ▾
On the $553,000 median home with 20% down, the jump from 6.625% to 6.875% over the past 30 days added $73 a month, bringing principal and interest to $2,904. That's $200 more than buyers who locked in near February's 6.19% average would have paid.
Which Salem neighborhoods are seeing the most price cuts or longer waits? ▾
Garrett's Place and Moonlight Village both posted median days on market above 210 in June, well past the citywide 42-day median. Viridian, Salem's highest-volume subdivision, is comparatively fast at 19 days but its sales count dropped from 21 in May to 13 in June.
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
36 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 42 · 25th percentile 14 · 75th percentile 97
Needed a price change
Sold listings that had a recorded price change before close
15 of 36 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. Viridian 13 sold · $449K · 19d
- 2. Garrett's Place 3 sold · $820K · 211d
- 3. Arrowhead Springs 3 sold · $550K · 54d
- 4. Moonlight Village 3 sold · $430K · 227d
- 5. Salem Fields 2 sold · $594K · 0d
June 2026 by property type
How each housing type performed last month — 36 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 36 | 48 | -25.00% | 250 | 193 | +29.53% |
| Median Sale Price | $552,500 | $433,963 | +27.32% | $567,063 | $487,293 | +16.37% |
| Median DOM | 42 | 31 | +35.48% | 37 | 27 | +37.04% |
| Sale-to-List Ratio | 99.71% | 99.52% | +0.19% | 100.37% | 99.67% | +0.70% |
Past months
Browse historical Salem reports — each month's snapshot stays at its own permanent URL.
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.