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 sellers see homes go under contract in days as June closings thin
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Homes in Salt Lake City that closed in June 2026 had a median of just 3 days on market, down from 7 in May and a steep drop from 12 a year ago in June 2025. Yet only 206 homes closed this June, below May's 271 and below the prior 12-month average of 225 closings, even as active listings climbed to 819, up from 714 in May and 681 in April. The speed at contract and the buildup on the shelf are telling two different stories at once.
Market pulse
Active inventory has built steadily since February's 526 listings, reaching 564 in March, 681 in April, 714 in May, and now 819 in June — a run that has outpaced new listings, which actually eased from 461 in April to 371 in June. Median days on market fell every month this spring, from 40 in February to 14 in March, 11 in April, 7 in May, and 3 in June, with a quarter of June closings going under contract the same day they listed. Sale-to-list held near parity at 98.99%, down slightly from April's 99.92% peak, and homes over $700,000 moved fastest of all, with a median of just 3 days and a median sale price of $1,042,500. Price cuts became more common too — 53 of June's 206 closings had taken a reduction first, compared with just 3 back in April.
Mortgage context
The 30-year averaged 6.19% back in February and has climbed to 6.66% for June's monthly average, with today's spot rate at 6.75% — a 0.56 percentage-point climb from that February low to now. Rates have held flat over the past 30 days, so June's slower closing count looks tied to inventory piling up faster than it's being absorbed, not to a fresh rate shock.
Payment math
A $597,000 median home here with 20% down runs $3,098 a month in principal and interest at today's 6.75% rate — the same figure as 30 days ago since rates haven't moved, but $176 above the $2,922 payment buyers locked in back in February when the rate averaged 6.19%.
If you're buying
With a quarter of June closings under contract same-day, act fast on anything priced right in the $400,000-$700,000 band, where 85 homes sold at a $510,000 median. Watch the 53 June closings that had a price cut first — that's where negotiating room still exists, particularly in the Park subdivision, where 11 homes closed at a $530,000 median with 0 median days on market.
If you're selling
Active inventory at 819, the highest of the past six months, means overpricing gets punished fast — a quarter of June sellers had to cut price before finding a buyer. Homes over $700,000, like recent Liberty Wells and North subdivision sales, are still moving in 3 median days, so price to last month's comparable sales rather than testing the market with room to negotiate.
Outlook
Expect closings to stay below the 225-per-month average into late summer as the 819 active listings work through a market where new listings have already cooled from April's 461 to 371 in June. If the 30-year holds near 6.75% into August, the combination of a heavier payment and more competing listings should keep sale-to-list near 99% rather than pushing it higher, with slower price growth outside the over-$700,000 segment.
Watch for
If new listings keep falling below 400 a month while active inventory keeps climbing past 819, months of supply likely doubles from June's pace by September, shifting more leverage to buyers on anything priced above recent comparable sales.
"Three days to contract, but fewer buyers closing at the finish line"
Common questions about Salt Lake City this month
Is Salt Lake City a buyer's or seller's market in June 2026? ▾
It's mixed. Homes are still going under contract fast — a median of 3 days — which favors sellers, but active listings reached 819, the most in six months, and 53 of June's 206 closings had taken a price cut first. That combination gives buyers more room to negotiate on anything that's sat past a week or two.
Why are homes selling so fast but fewer closings happening in Salt Lake City? ▾
June's median days on market dropped to 3, but only 206 homes closed, below May's 271 and the 225 average over the past year. The fast pace applies mostly to well-priced homes moving quickly; overall transaction volume slowed even as speed increased, likely tied to the growing number of active listings competing for the same buyer pool.
How much has the mortgage rate climb added to monthly payments in Salt Lake City? ▾
On the $597,000 median home with 20% down, the payment is $3,098 a month at today's 6.75% rate, up $176 from the $2,922 payment buyers had at February's 6.19% average. Rates have been flat over the last 30 days, so this June's payment increase reflects the slower climb since February, not a recent spike.
Should sellers expect to cut their price in Salt Lake City right now? ▾
More sellers are already doing it — 53 of the 206 homes that closed in June had a price reduction before selling, compared with just 3 in April. With active inventory at 819, pricing close to recent comparable sales from the start looks more effective than testing higher and cutting later.
Which price bands are moving fastest in Salt Lake City? ▾
Homes over $700,000 had the fastest pace in June, a median of 3 days on market and a median sale price of $1,042,500, helped by sales in areas like Liberty Wells and the North subdivision. Homes under $400,000 also moved quickly, at a median of 0 days, while the $400,000-$700,000 band took slightly longer at 5 days.
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
208 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 12 · 25th percentile 4 · 75th percentile 33
Needed a price change
Sold listings that had a recorded price change before close
54 of 208 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 — 206 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 208 | 248 | -16.13% | 1,315 | 1,375 | -4.36% |
| Median Sale Price | $589,700 | $529,000 | +11.47% | $576,832 | $535,964 | +7.63% |
| Median DOM | 12 | 12 | 0.00% | 19 | 21 | -9.52% |
| Sale-to-List Ratio | 98.99% | 99.37% | -0.38% | 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.