Market analytics · June 2026 archive
Salt Lake City, 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
Salt Lake City homes still move in 12 days, but 748 active listings hand buyers room to choose
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The pace of Salt Lake City closings barely moved this June — median days on market held at 12, exactly matching June 2025 — but everything around that number shifted. Active listings climbed to 748, up from 658 in May and well above last June's 578, while closings fell to 208 from 271 in May. Homes are still selling fast when priced right, but sellers now have more competition sitting on the shelf next to them.
Market pulse
Days on market compressed from 40 in February to 9 in May before ticking back up to 12 in June — still fast by any recent standard, but the direction has flipped for the first time since winter. New listings pulled back to 370 in June from April's 462, yet active inventory kept climbing anyway, which means fewer homes are leaving the market relative to what's sitting on it. The sale-to-list ratio slipped to 98.99% from April's near-parity 99.92%, and homes selling below list (103) now outnumber those selling above list (60) for the first time since March. Closings themselves fell to 208, a share of 92% of the trailing 12-month average of 225, so June's median price of $589,700 should be read with some caution.
Mortgage context
The 30-year averaged 6.66% in June and has since climbed to 6.73% in early July, continuing a run from February's 6.19% low through March's 6.48%, April's 6.42%, and May's 6.55%. That six-month climb of nearly half a point is showing up directly in local math: financing costs on a typical Salt Lake City home have risen every month since the February trough, which is part of why 54 of June's sales came after a price reduction.
Payment math
A $590,000 median-priced home with 20% down runs $3,099 a month in principal and interest at today's 6.875%, up $78 from $3,021 just 30 days ago at 6.625%, and $213 above the $2,886 payment buyers locked in back in February when rates averaged 6.19%.
If you're buying
Look hard at the over-$700K band, where median days on market is just 9 — sellers there are pricing to move, not to test the market. If you can act within two weeks of a listing going live you're competing with the pace that's now standard across price bands, so have financing pre-cleared before you tour.
If you're selling
With 54 of June's closings coming after a price cut, don't count on the list price holding — price to last month's comparable sales, not this spring's peak. Active inventory at 748 means buyers have options for the first time all year, so overpricing risks sitting into a slower August.
Outlook
Expect the next two months to test whether June's slowdown in sales is a rate-driven pause or the start of a real inventory buildup — 748 active listings against 208 closings is the loosest ratio of the year so far. Neighborhoods like Liberty Wells and The Monroe, where June sales still closed in under a week, show speed hasn't disappeared everywhere, just concentrated where pricing is realistic. If rates hold near 6.75-7% through August, price cuts like the 54 seen this month likely become more common rather than less.
Watch for
If new listings keep landing below April's 462-per-month pace while active inventory keeps climbing past 748, expect the sale-to-list ratio to slide from June's 98.99% into the high 97s by fall as sellers compete harder for a smaller buyer pool.
"Fast still, but for the first time in months buyers have somewhere else to look"
Common questions about Salt Lake City this month
Is Salt Lake City a buyer's or seller's market in June 2026? ▾
It's tilting toward buyers for the first time this year. Active listings reached 748, up from 578 a year ago, while closings fell to 208 from May's 271, and homes selling below list (103) now outnumber those selling above list (60).
Why did 54 homes in Salt Lake City take a price cut before selling in June? ▾
Rates climbed from February's 6.19% average to 6.66% in June and 6.73% in early July, pushing up the monthly cost of financing a median home and giving buyers more leverage to negotiate. With active inventory building to 748, sellers who priced for spring conditions are adjusting instead of waiting.
Are homes still selling fast in Salt Lake City? ▾
Yes, in most price bands. Median days on market sits at 12, matching June 2025, and the over-$700K band moved even faster at a 9-day median — but that speed is starting to coexist with more inventory and more price adjustments than earlier this spring.
What does a mortgage payment look like on a median-priced home in Salt Lake City right now? ▾
On a $590,000 home with 20% down, principal and interest runs $3,099 a month at today's 6.875% rate. That's $78 more than 30 days ago and $213 above what the same loan would have cost in February when rates averaged 6.19%.
Should sellers in Salt Lake City expect June's median price of $589,700 to hold? ▾
Treat it with some caution — June's 208 closings are noticeably below the 271 recorded in May and the trailing 12-month average of 225, so the median can move around more than usual with a thinner sample.
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
212 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 11 · 25th percentile 4 · 75th percentile 33
Needed a price change
Sold listings that had a recorded price change before close
55 of 212 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. Park 11 sold · $530K · 5d
- 2. The Monroe 4 sold · $517K · 4d
- 3. North 3 sold · $1,253K · 5d
- 4. Liberty Wells 3 sold · $890K · 33d
- 5. Plat A Big Field Sur 3 sold · $780K · 8d
June 2026 by property type
How each housing type performed last month — 210 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 212 | 248 | -14.52% | 1,320 | 1,375 | -4.00% |
| Median Sale Price | $582,200 | $529,000 | +10.06% | $575,164 | $535,964 | +7.31% |
| Median DOM | 11 | 12 | -8.33% | 18 | 21 | -14.29% |
| Sale-to-List Ratio | 98.95% | 99.37% | -0.42% | 98.83% | 98.87% | -0.04% |
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.