Market analytics · July 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
July 2026 · Market Analysis
Salt Lake City sellers lose the upper hand as active listings reach 815 and closings thin out.
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Closed sales tell the clearest story this July: 143 homes sold, down from 212 in June and well below the 271 closed back in May — a 33% drop in a single month. Active listings kept climbing to 815, up from 649 in June and 568 in July 2025, so buyers now have far more to choose from while fewer are actually closing deals. Warm summer weather usually keeps Salt Lake City's selling season going through August, but this year the volume is cooling before the calendar says it should.
Market pulse
Sold counts have fallen every month since May's 271 — to 212 in June and now 143 in July, the lightest month since January's 152. Active inventory has moved the other direction the whole time, climbing from 486 in February to 599 in May, 649 in June, and 815 in July. Days on market held fairly steady at 14 in July versus 11 in June, but the quarter-mark for slowest sales stretched to 46 days. Homes selling above list dropped to 32 in July from 60 in June and 94 in April, and sale-to-list slipped to 97.93% from 98.95% — sellers are giving up more ground at the negotiating table than they were this spring.
Mortgage context
The 30-year rate sat at 6.75% in July, flat over the past 30 days, but it has climbed steadily from 6.19% in February through 6.42% in April to 6.79% for the month. That six-month climb is a bigger factor in July's thinner closing count than anything happening with local inventory — buyers who could stretch to a payment in February are finding the same house costs more today.
Payment math
A $650,000 median-priced Salt Lake City home with 20% down runs $3,373 a month in principal and interest at today's 6.75% rate — the same $3,373 as 30 days ago, since rates haven't moved — but $192 more than the $3,181 payment buyers locked in back in February, when the 30-year averaged 6.19%.
If you're buying
Closings fell to 143 in July from 212 in June — the thinnest month since January's 152 — which means less competition on offer for the homes that are sitting. Look at the under-$400K band, where median days on market stretched to 33, and at PARK, where the July median sale of $522,500 sat below the June figure of $530,000. With sale-to-list at 97.93%, most buyers are still landing below asking; don't feel pressure to bid over list outside the priciest listings.
If you're selling
Price to the market that's actually closing, not the one from April — only 22 of July's 143 sales landed at list and 89 sold below it. In the Park subdivision, where 12 homes closed at a median of $522,500, sellers who matched recent comparable sales moved in 11 days; those pricing above that mark are the ones stretching toward the 46-day mark at the top of the range.
Outlook
Expect inventory to keep building through August unless new listings pull back from July's 357 — buyers heading into fall should have more room to negotiate than they did in spring. Sellers in Yalecrest and Country Club Heights, where July's few closings still fetched premium prices, can hold firmer, but anyone pricing into the $400,000-$700,000 band should expect the 33-day wait now common under $400,000 to creep upward. Rates near 6.75% look likely to hold through late summer barring a broader shift, so payment relief isn't coming from that direction soon.
Watch for
If new listings keep running near 350-370 a month while closings stay under 150, the months-to-sell-everything-listed figure — already elevated at roughly 5.7 months in July — likely climbs further into buyer's-market territory by September.
"Salt Lake City's inventory keeps climbing while closings quietly shrink."
Common questions about Salt Lake City this month
Is Salt Lake City a buyer's or seller's market in July 2026? ▾
It's tilted toward buyers for the first time since spring. Active listings reached 815, up from 649 in June and 568 a year ago, while closings dropped to 143 from 212 in June. Sale-to-list slipped to 97.93%, meaning the typical home is closing about 2% under asking.
Why did the median sale price jump to $650,000 in July if the market is cooling? ▾
It's a mix shift, not appreciation. Only 143 homes closed, the lightest month since January, and 64 of them were priced over $700,000 versus 51 in the $400,000-$700,000 band. When fewer, pricier homes carry the count, the median moves up even as the broader market softens.
How much has the mortgage rate climb actually cost buyers here? ▾
The 30-year sits at 6.75% today, unchanged over the past 30 days, but it's climbed 0.56 percentage points from February's 6.19% average. On the current $650,000 median home with 20% down, that move adds $192 a month to the payment compared to what February buyers financed.
Are homes still selling fast in Salt Lake City? ▾
Mostly, yes. Median days on market sat at 14 in July, close to May and June's readings, though a quarter of homes took longer than 46 days to close. The Park subdivision kept moving at 11 days median, faster than the citywide figure.
Should sellers expect multiple offers this summer? ▾
Less often than earlier this year. Only 32 of July's 143 closings sold above list, down from 60 in June and 94 in April. Homes that sold at or below asking made up the large majority of the month.
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
July 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
143 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 14 · 25th percentile 6 · 75th percentile 46
Needed a price change
Sold listings that had a recorded price change before close
46 of 143 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 12 sold · $523K · 11d
- 2. Plat F 4 sold · $412K · 8d
- 3. Yalecrest 2 sold · $1,188K · 8d
- 4. Country Club Heights 2 sold · $733K · 20d
- 5. Plat A 2 sold · $437K · 28d
July 2026 by property type
How each housing type performed last month — 140 closings total across subtypes.
Summary Statistics
| Metric | Jul-26 | Jul-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 143 | 248 | -42.34% | 1,465 | 1,623 | -9.74% |
| Median Sale Price | $650,000 | $548,500 | +18.51% | $582,011 | $537,879 | +8.20% |
| Median DOM | 14 | 17 | -17.65% | 18 | 20 | -10.00% |
| Sale-to-List Ratio | 97.93% | 98.49% | -0.57% | 98.74% | 98.81% | -0.07% |
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.