Market analytics · June 2026 archive
Santaquin, 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
Santaquin closings drop sharply in June as rate jump above 7% cools summer buying.
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Santaquin sold just 17 homes in June 2026, down 35% from May's 26 and less than half of June 2025's 40 closings — the clearest sign yet that summer demand has thinned out even as the selling season hits its warmest stretch. Active listings kept climbing to 109, up from 90 in May and 84 in April, while new listings held near 56. That combination — fewer buyers, more homes sitting — is starting to tip this market toward buyers for the first time all year.
Market pulse
Days on market tightened to a median of 18 in June, down from 23 in May, but that speed is deceptive — it's happening alongside a steep drop in actual sales, not a rush of buyers. Active inventory has built every month since December's 61, now at 109, while new listings have run well above sold counts since April. The share of homes selling below list price fell to 6 of 17 in June from 14 of 26 in May, but with less than half as many transactions total, that shift says less about strength and more about which homes are moving at all. Silver Oaks remains the most consistent name in the top-selling list, with 4 closings at a median $314,900 this month.
Mortgage context
The 30-year rate has climbed steadily since February's 6.13% average, reaching 6.66% in June and now sitting at 7.25% as of this snapshot — up half a point in just 30 days. That kind of jump directly explains June's soft closing count: buyers who were shopping in May at cheaper borrowing costs are facing meaningfully higher payments now, and some are simply waiting it out.
Payment math
On Santaquin's $451,000 median home with 20% down, the monthly principal-and-interest payment now runs $2,463 at 7.25% — $121 more than just 30 days ago when the rate sat at 6.75%, and $268 above the $2,195 payment buyers locked in back in February 2026 when rates averaged a six-month-low 6.13%.
If you're buying
Closings dropped to 17 in June from 26 in May, so there's less to choose from — but Silver Oaks is still moving, with 4 sales at a median $314,900 and 44 days on market, which is real room to negotiate on price if you can be patient. Skip anything priced to the $565,000 list-price median unless it's genuinely showing better than recent sales; buyers who paid above list did so on only 7 of 17 closings this month. Get pre-approved now — the 30-year jumped to 7.25% and waiting even a few weeks adds real dollars to your payment.
If you're selling
With 109 homes active against just 17 sold, it would now take roughly six and a half months to sell current inventory at June's pace — nearly double where it stood in February and March. Price close to recent closings, not the $565,000 list median, since 6 of 17 June sales went below asking. Homes in Silver Oaks and Summit Ridge The Hills are still finding buyers fast (some in 0-44 days), so lean on those as your pricing anchor rather than stale spring listings.
Outlook
Expect closings to stay light through late summer as the higher rate environment works through buyer budgets — June's 17 sales compare to a prior 12-month average of 27, a meaningful gap. Inventory near 109 active listings gives buyers more room to negotiate than they've had all year, while sellers who need to move should price close to what Silver Oaks and Ridge have actually closed at rather than the $565,000 list median. If rates hold near 7% into fall, expect the slower pace to continue rather than reverse.
Watch for
If the 30-year holds near 7.25% or climbs further into fall, expect June's slower 17-sale pace to repeat or soften more, pushing months-to-sell past 7 by August as the 109 active listings sit against thinner buyer pools.
"Santaquin's summer stall: fewer buyers, more listings, and a rate spike doing the damage."
Common questions about Santaquin this month
Is Santaquin a buyer's or seller's market in June 2026? ▾
It's tilting toward buyers. Active listings climbed to 109 while closings dropped to just 17, down from 26 in May, so at June's pace it would take roughly six and a half months to sell everything currently listed — nearly double the pace from February and March. Sellers still get near full asking price on average (100.01% sale-to-list), but there are simply fewer buyers competing for each home.
Why did homes sell so fast in June if the market is slowing? ▾
Median days on market actually dropped to 18 from 23 in May, but that's not a sign of strength — it reflects that only the most competitively priced homes, like those in Silver Oaks, are moving at all. With sales down 35% from May, the speed number is being carried by a smaller, more motivated pool of listings rather than broad demand.
How much has the mortgage rate jump affected what I can afford in Santaquin? ▾
The 30-year rate reached 7.25%, up from 6.75% just 30 days ago and 1.12 percentage points above February's 6.13% low. On Santaquin's $451,000 median home with 20% down, that pushes the monthly principal-and-interest payment to $2,463 — $268 more than the $2,195 payment buyers would have locked in back in February.
Which Santaquin neighborhoods are still selling in June 2026? ▾
Silver Oaks led again with 4 closings at a median $314,900, continuing a pattern from earlier in the year. Summit Ridge The Hills also had 2 sales this month, both closing the same day they were listed, showing that well-priced newer inventory is still moving even as overall volume drops.
Should sellers cut their asking price in Santaquin right now? ▾
The median list price sits at $565,000, well above the $451,350 median sale price, which signals that asking prices haven't caught up with what's actually closing. Six of June's 17 sales went below list, so pricing close to recent comparable sales in Silver Oaks or Ridge — not the current list-price median — is the more realistic strategy.
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
17 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 18 · 25th percentile 4 · 75th percentile 34
Needed a price change
Sold listings that had a recorded price change before close
9 of 17 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. Silver Oaks 4 sold · $315K · 44d
- 2. Summit Ridge The Hills 2 sold · $500K · 0d
- 3. Countryside Estates 1 sold · $714K
- 4. Stratton Acres 1 sold · $635K
- 5. Sumit Ridge The Hills 1 sold · $578K · 0d
June 2026 by property type
How each housing type performed last month — 16 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 17 | 40 | -57.50% | 130 | 186 | -30.11% |
| Median Sale Price | $451,350 | $499,950 | -9.72% | $454,692 | $455,156 | -0.10% |
| Median DOM | 18 | 30 | -40.00% | 27 | 28 | -3.57% |
| Sale-to-List Ratio | 100.01% | 99.47% | +0.54% | 99.97% | 100.04% | -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.