Market analytics · August 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
August 2026 · Market Analysis
Salt Lake City closings thin to 101 as listings triple June's pace, favoring buyers.
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Homes took a median 20 days to sell in August, up from 14 in July and roughly 43% slower than the pace set back in April's 11 days — the clearest sign yet that Salt Lake City's spring speed has faded into a buyer's market. Only 101 homes closed, down from 143 in July and less than half the prior 12-month average of 213 closings, while active listings reached 898, nearly triple June's 584. With so few sales and so much on the shelf, sellers are the ones adjusting now, not buyers.
Market pulse
Closings have fallen every month since May's 271 — to 212 in June, 143 in July, and now 101 in August, the lightest month in over a year and well under half the prior 12-month average of 213. Active inventory has moved the opposite direction the entire time, climbing from 548 in May to 584 in June, 721 in July, and 898 in August. The sale-to-list ratio has slipped alongside that build, from 98.95% in June to 97.93% in July and 97.87% in August, while the share of homes selling above list price dropped to just 18 of 101 closings. With such a small sample of sales, the $528,000 median price this month should be read as a snapshot of what few homes did close, not a clean read on where values are headed.
Mortgage context
The 30-year rate sits at 6.875% today, up 0.125 percentage points from 6.75% just thirty days ago, adding $35 a month to the payment on a median home here. Zoom out further and the climb is steeper: rates have moved from February's 6.16% average up to 6.77% in August and 6.88% in September, a run that's kept plenty of would-be buyers on the sidelines this summer.
Payment math
A median-priced Salt Lake City home now runs $528,000, and financing it with 20% down at today's 6.875% rate puts the monthly principal and interest at $2,775 — $35 more than the $2,740 payment buyers faced just 30 days ago at 6.75%, and $199 above the $2,576 payment available back in February 2026 when rates averaged 6.16%.
If you're buying
With only 101 closings in August against a typical month near 213, you're negotiating in a thin field — use that leverage. Target listings in the Park subdivision or similar spots sitting past 50 days on market, since sellers there have already watched buyers walk once. At a 97.87% sale-to-list ratio, opening 2-3% under asking on anything stale is a reasonable starting point, not an insult.
If you're selling
Active listings reached 898 in August, up from 721 in July and 584 in June, so your home is competing with more than triple June's shelf. Price at or just under recent closed comparables in the $520,000-$550,000 band — that's where actual buyers are transacting, not the $539,000 median list. Homes lingering past the 56-day mark for the top quarter of listings need a price cut now, before the fall slowdown sets in.
Outlook
Expect the buyer-friendly tilt to hold through the fall — inventory near 898 active listings against fewer than half the typical number of monthly closings gives shoppers real room to negotiate. If the 30-year holds near 6.875% or climbs further toward 7%, closings could stay light into October, keeping sale-to-list ratios pointed toward the high-96% to 97% range rather than back above 98%.
Watch for
If active listings keep adding at August's pace of roughly 175 homes a month, months-of-supply likely climbs further past the current pace-implied 8-plus months by November, pushing sale-to-list ratios below 97%.
"Salt Lake City's slowest August in years, with buyers finally holding the cards."
Common questions about Salt Lake City this month
Is Salt Lake City a buyer's or seller's market in August 2026? ▾
The data points toward buyers right now. Active listings reached 898, up from 584 in June, while closings dropped to 101 from a typical 213-home month, and the sale-to-list ratio slipped to 97.87%. Sellers are seeing fewer offers and more competition from other listings than they did earlier this summer.
Why did homes take longer to sell in Salt Lake City this August? ▾
Median days on market rose to 20, up from 14 in July and nearly double April's 11-day pace. With active inventory nearly tripling since May and closings falling every month since, buyers have more choices and less urgency, which naturally stretches the time homes sit before selling.
How much has the recent rate climb added to a typical Salt Lake City mortgage payment? ▾
On the $528,000 median-priced home with 20% down, the monthly principal and interest payment is $2,775 at today's 6.875% rate, $35 more than 30 days ago and $199 above the $2,576 payment available back in February when rates averaged 6.16%. That climb has likely contributed to August's thin 101 closings.
Should I trust the median sale price in Salt Lake City this month? ▾
Be cautious with it. Only 101 homes closed in August against a typical monthly average near 213, so the $528,000 median reflects a small, possibly unrepresentative group of sales rather than a firm read on where the broader market is priced.
Which Salt Lake City neighborhoods are still seeing activity? ▾
The Park subdivision led with 5 closings in August, though its median days on market stretched to 50. Plat A saw 3 sales at a median $550,000, while Yalecrest posted 2 closings at a median $1,425,000, showing that higher-end pockets are still transacting even as overall volume has thinned.
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
August 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
106 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 20 · 25th percentile 7 · 75th percentile 56
Needed a price change
Sold listings that had a recorded price change before close
37 of 106 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 7 sold · $450K · 53d
- 2. Plat A 3 sold · $550K · 14d
- 3. Plat B 2 sold · $1,632K · 31d
- 4. Yalecrest 2 sold · $1,425K
- 5. Broadway Lofts 2 sold · $770K · 56d
August 2026 by property type
How each housing type performed last month — 104 closings total across subtypes.
Summary Statistics
| Metric | Aug-26 | Aug-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 106 | 235 | -54.89% | 1,571 | 1,858 | -15.45% |
| Median Sale Price | $520,000 | $573,000 | -9.25% | $577,827 | $542,321 | +6.55% |
| Median DOM | 20 | 20 | 0.00% | 18 | 20 | -10.00% |
| Sale-to-List Ratio | 97.92% | 98.57% | -0.66% | 98.69% | 98.78% | -0.09% |
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.