Market analytics · June 2026 archive
Syracuse, 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
Syracuse homes move fastest in a year even as Shoreline-area supply keeps building
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Median days on market in Syracuse fell to 14 in June, down from 23 in May and the fastest pace of the last 13 months — a 39% acceleration in a single month. That speed is happening alongside a median sale price of $494,000, the lowest reading since last summer, on a smaller pool of 29 closings. Homes are moving quickly, but they're moving at lower price points than earlier this spring.
Market pulse
Active listings reached 118 in June, up from 114 in May and more than double the 76 sitting on the market back in January — inventory has climbed every month since February. New listings actually cooled to 42 in June from 60 in May, so the supply growth is now coming from homes taking longer to sell relative to how many are listed, not fresh construction hitting the market. Meanwhile the sale-to-list ratio slipped to 98.87%, its softest reading since January's 98.9%, and price cuts touched 10 of June's 29 closings — the first month with a meaningful, trackable price-cut share. Compared to June 2025's 30 sales at a $592,250 median, this June's 29 sales at $494,000 mark the softer of the two summers even with the faster closing pace.
Mortgage context
The 30-year rate now sits at 6.875%, up 0.25 percentage points from 6.625% just 30 days ago, and has climbed from a six-month low of 6.19% in February. That 0.68-point run-up is arguably doing more to shape June's numbers than anything happening on the ground here — it raises the monthly payment on a median home by $66 in the past month alone and likely explains why sold-below-list count (15 of 29) now outnumbers at- or above-list sales combined.
Payment math
A $494,000 median home with 20% down runs $2,596 a month in principal and interest at today's 6.875%, up $66 from $2,531 just 30 days ago at 6.625%, and $178 above the $2,418 payment buyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With 15 of 29 June closings selling below list and the sale-to-list ratio under 99%, buyers have room to negotiate even on fast-moving listings — the speed reflects competitive pricing from sellers, not bidding wars. Focus on the $400K-$700K band, where 25 of June's 29 sales closed at a $491,000 median in just 14 days, and don't be afraid to counter list price on homes in Still Water or similar subdivisions where multiple units have traded this year.
If you're selling
Price close to what Still Water Subdivision and comparable Syracuse neighborhoods are actually closing at — $482,500 to $491,000 in the 400-700K band — rather than chasing May's $600,000 median, which won't hold given June's pullback. With active inventory at 118 and new listings cooling to 42, sellers who price realistically are still clearing in about two weeks; those overreaching are the ones showing up in the 10 June price cuts.
Outlook
Expect the faster pace to persist into midsummer as Davis County's peak selling weather keeps buyers moving quickly on well-priced listings, but with rates now above 6.8% and climbing toward 6.73% on the monthly average trajectory, affordability pressure should keep pushing sale prices toward the lower end of the 400-700K band. Inventory at 118 with new listings cooling suggests the active count could plateau rather than keep doubling, which would ease some of the negotiating room buyers have enjoyed since February.
Watch for
If the 30-year holds above 6.75% through August, expect the sold-below-list share to keep exceeding 40% of closings as more buyers push back on list prices to offset the higher payment.
"Faster sales, softer prices — Syracuse buyers gain speed and leverage in the same 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
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
29 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 14 · 25th percentile 6 · 75th percentile 38
Needed a price change
Sold listings that had a recorded price change before close
10 of 29 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. Still Water 2 sold · $489K · 39d
- 2. Still Water Subdivision 2 sold · $483K · 31d
- 3. Piper Glen 1 sold · $1,135K
- 4. Distant Serenade 1 sold · $775K
- 5. Hawthorne 1 sold · $734K
June 2026 by property type
How each housing type performed last month — 28 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 29 | 30 | -3.33% | 192 | 174 | +10.34% |
| Median Sale Price | $494,000 | $592,250 | -16.59% | $567,656 | $572,020 | -0.76% |
| Median DOM | 14 | 23 | -39.13% | 30 | 24 | +25.00% |
| Sale-to-List Ratio | 98.87% | 99.46% | -0.59% | 99.46% | 99.61% | -0.15% |
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.