Market analytics · June 2026 archive
Springville, 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
Springville closings fall sharply in June as buyers pause despite prime selling weather
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June 2026 brought a notable pullback in closed sales for Springville. Only 16 homes closed — down 58% from June 2025's 38 closings and well below the monthly average of 28 over the prior 12 months. With closings this light, the median sale price of $469,500 and other per-transaction figures should be read cautiously; a handful of deals in any direction can shift those numbers meaningfully. What the data does show clearly is that active inventory reached 103 homes while buyers stepped back, a combination that is shifting leverage away from sellers.
Market pulse
The spring selling season produced a clear arc: closings climbed from 16 in January to 33 in March, peaked at 35 in April, then retreated to 30 in May and fell back to 16 in June. Active inventory moved in the opposite direction, rising from 84 homes in April to 93 in May and 103 in June. Days on market tell a more nuanced story — the median dropped to just 12 days in April, rebounded to 31 in May, then tightened again to 18 in June, suggesting the homes that did sell in June moved quickly. The sale-to-list ratio of 100.83% in June is notable: of the 16 closings, the ones that sold went for slightly above asking, but 9 of those 16 closed below list price, meaning the average is being pulled up by a small number of competitive sales rather than broad bidding pressure.
Mortgage context
The 30-year fixed rate has climbed steadily since February's monthly average of 6.14%, moving through 6.48% in March, 6.55% in May, and 6.66% in June — a climb of more than half a percentage point in four months. At today's rate of 6.875%, that trajectory is putting real pressure on monthly budgets for buyers along the I-15 corridor between Provo and Springville. The 0.125 percentage point rise over just the past 30 days adds roughly $31 to a typical monthly payment here, a modest increment on its own but one that compounds the affordability squeeze that has been building since winter.
Payment math
Finance a $470,000 home in Springville with 20% down at today's 6.875% and the monthly principal and interest lands at $2,467 — $31 more than 30 days ago when the rate was 6.75% and the payment was $2,436, and $181 above the February low when rates averaged 6.14% and that same loan would have cost $2,286 a month.
If you're buying
With 103 active listings and only 16 closings last month, there is real room to negotiate — especially on homes that have been sitting. Eight of June's 16 closings involved a seller who had already cut their price, so look hard at listings with a price reduction history in the $400,000–$700,000 band, where 11 of the month's 16 deals actually happened. Neighborhoods like Wild Horse and Crystal Springs saw individual sales in the $595,000–$625,000 range; if comparable homes in those areas have been on the market past 30 days, that's where sellers are most likely to move on price.
If you're selling
The active shelf is priced at a median of $539,999 while the median closing price was $469,500 — a gap of roughly $70,000 that tells you buyers are not paying what sellers are asking. If your home is in the $400,000–$700,000 range, price it at or just below recent comparable sales rather than anchoring to current list prices, which are running well above what's actually closing. Homes that sold in June moved in a median of 18 days, so correctly priced inventory is still moving — the penalty is almost entirely on overpriced listings that sit and accumulate days on market.
Outlook
With 103 active listings and a pace of roughly 16–30 closings per month, Springville is carrying more supply than it has at any point in the past year. Unless closings rebound meaningfully in July and August, sellers will face growing competition through the rest of summer. Rates averaging 6.66% in June and sitting at 6.875% today suggest affordability headwinds are not easing; buyers who were priced out of Provo or Orem and looking at Springville as a value alternative will feel that same pressure here.
Watch for
At the current pace of new listings running 40–55 per month against closings in the mid-teens to low-30s, active inventory could approach 130–140 homes by September — a level that would likely push the sale-to-list ratio below 98% and give buyers meaningful negotiating room across most price bands.
"June's thin close count tells the real story — Springville's demand cooled even as inventory and rates both climbed."
Common questions about Springville this month
Is Springville a buyer's or seller's market in June 2026? ▾
It's shifting toward buyers. With 103 active listings and only 16 closings in June, there's roughly 6.4 months of supply at that pace — well above the 2–3 months that typically favors sellers. The median list price is running about $70,000 above what homes are actually closing for, which is another sign that sellers are asking more than the market is currently willing to pay.
Why were there so few closings in Springville in June 2026? ▾
June's 16 closings are unusually light — about 57% of the 28-closing monthly average over the prior year. The small sample makes it hard to draw firm conclusions, but the combination of rising rates (the 30-year has climbed from 6.14% in February to 6.875% today) and a growing active inventory suggests some buyers are pausing rather than committing. It's also possible some contracts that were expected to close in June slipped into July.
Are home prices dropping in Springville? ▾
Of the 16 homes that closed in June, 8 had already taken a price cut before going under contract — that's half of all closings. The median sale price of $469,500 is close to where it's been for most of the past year, but with the active shelf priced at a median of nearly $540,000, the gap between asking and closing prices is wide. Sellers who price to the active market rather than to recent comparable sales are sitting.
Which neighborhoods are selling in Springville right now? ▾
June's closings were spread thin, but Crystal Springs ($625,000), Ashton ($616,500), Wild Horse ($595,000), and The Grasslands ($580,000) all had sales in the $580,000–$625,000 range. The bulk of activity — 11 of 16 closings — was in the $400,000–$700,000 band, with a median sale price of $480,000 in that segment and a median of just 16 days on market, meaning correctly priced homes in that range are still moving.
How do rising mortgage rates affect buying a home in Springville? ▾
At today's 6.875% rate, financing a $470,000 home with 20% down runs $2,467 a month in principal and interest. That's $181 more per month than buyers faced in February when rates averaged 6.14% — a meaningful difference over the life of a loan. FHA financing at 6.375% and VA loans at 6.5% are worth exploring for eligible buyers, as those rates offer a noticeable monthly savings compared to the conventional 30-year.
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
16 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 18 · 25th percentile 10 · 75th percentile 31
Needed a price change
Sold listings that had a recorded price change before close
8 of 16 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. Cottages At Hobble Creek Mhd 1 sold · $1,630K · 55d
- 2. Crystal Springs 1 sold · $625K · 38d
- 3. Ashton 1 sold · $617K · 9d
- 4. Wild Horse 1 sold · $595K · 13d
- 5. The Grasslands 1 sold · $580K
June 2026 by property type
How each housing type performed last month — 13 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 16 | 38 | -57.89% | 153 | 165 | -7.27% |
| Median Sale Price | $469,500 | $476,700 | -1.51% | $469,131 | $499,634 | -6.11% |
| Median DOM | 18 | 36 | -50.00% | 32 | 36 | -11.11% |
| Sale-to-List Ratio | 100.83% | 99.50% | +1.34% | 99.34% | 99.02% | +0.32% |
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.