Market analytics
Vernal, 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
Vernal homes sell fast, but only after sellers cut deep into asking price
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Homes that sold in Vernal in June closed in a median of just 8 days, the quickest turnaround of the past 13 months and a sharp reversal from May's 59-day pace. But that speed came at a cost: the sale-to-list ratio fell to 91.14%, the lowest reading since at least June 2025, meaning the homes that moved fast did so because sellers accepted well under asking. Only 17 homes closed, down from 25 in May and the lightest month since November.
Market pulse
Median days on market has swung from 41 in December to 69 in January, down to 25 in February, up to 75 in March, down to 15 in April, back up to 59 in May, and now down to 8 in June — the fastest reading of the run. But that speed came alongside a sale-to-list ratio that fell to 91.14%, well below the 93.95%-98.81% range seen every other month since December. Active listings kept climbing too, from 111 in May to 142 in June, even as new listings held near 52. Closings, meanwhile, dropped to 17, the lightest month since November's 17 and well under the 26-a-month pace of the prior year.
Mortgage context
The 30-year averaged 6.66% in June and has since climbed to 6.73% in July, continuing a run-up from February's 6.19% low. At today's spot rate of 6.875%, up 0.25 percentage points from 6.625% just 30 days ago, borrowing costs are rising even as home prices in Vernal have softened, which helps explain why sellers are accepting steeper discounts to close deals quickly.
Payment math
A $292,000 median-priced Vernal home with 20% down now runs $1,535 a month in principal and interest at 6.875%, up $39 from $1,496 just 30 days ago at 6.625%, and $106 above the $1,429 payment homebuyers locked in back in February 2026 when rates averaged 6.19%.
If you're buying
With 142 active listings against just 17 June closings, buyers have room to negotiate — three of the last month's sales included a price cut before closing, and the sale-to-list ratio dropped to 91.14%. Target homes in the under-$400K band, where 14 of the 17 sales closed and pricing has softened to a $286,250 median, and don't be afraid to open 5-8% under list given where sellers are actually landing.
If you're selling
Price to the $286,250 median in the under-$400K band rather than the $390,000 median list price — that 91.14% sale-to-list ratio means buyers are successfully negotiating well below asking this month. If your home isn't moving in the first two weeks, a price cut now beats sitting through July with 142 competing listings on the market.
Outlook
Expect closing speed to stay quick through the warm-weather selling window in Uintah County, but at a price: with 142 homes on the market against a 17-unit June pace, sellers will likely keep trimming asking prices to compete. If rates hold near 6.7%-6.9%, buyers who can move fast on the under-$400K inventory — where 14 of June's 17 sales landed — should keep the upper hand into early fall.
Watch for
If active inventory keeps climbing past June's 142 while closings stay near 17-25 a month, the sale-to-list ratio likely drifts further below 91% by late summer as sellers compete harder on price.
"Vernal homes move fast now, but only at a discount."
Common questions about Vernal this month
Is Vernal a buyer's or seller's market in June 2026? ▾
It's tilting toward buyers. Active listings reached 142 against only 17 June closings, and the sale-to-list ratio fell to 91.14% — sellers are accepting real discounts to get deals done, even though homes are moving fast once priced right.
Why are homes selling so fast in Vernal right now? ▾
Median days on market dropped to 8 in June, the quickest pace in the past 13 months, but that speed reflects sellers pricing aggressively or accepting offers well under list — the sale-to-list ratio of 91.14% is the softest reading in over a year.
What's happening to home prices in Vernal? ▾
June's median sale price came in at $292,000, down from $350,000 in May, though with only 17 closings the number can swing month to month. The under-$400K segment, which made up 14 of the 17 sales, had a median of $286,250.
How much has the mortgage rate increase affected Vernal buyers? ▾
The 30-year sits at 6.875%, up 0.25 percentage points in the past 30 days alone. On the $292,000 median home, that pushed the monthly principal-and-interest payment to $1,535, about $106 more than the $1,429 payment available back in February when rates averaged 6.19%.
Should I cut my asking price if my Vernal listing hasn't sold? ▾
With 142 active listings and June's sale-to-list ratio at 91.14%, sellers who hold firm on list price are competing against buyers who expect room to negotiate. Six of June's 17 closings involved a price cut before selling, suggesting a proactive adjustment now can beat a longer sit.
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 8 · 25th percentile 4 · 75th percentile 58
Needed a price change
Sold listings that had a recorded price change before close
6 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. Mile High Village 3 sold · $13K
- 2. Krystle Home Subdivision 2 sold · $393K · 58d
- 3. Rockville 1 sold · $449K
- 4. Prairiedell Subdivision 1 sold · $365K
- 5. Calder-Ashton Addition 1 sold · $335K
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 | 19 | -10.53% | 148 | 158 | -6.33% |
| Median Sale Price | $292,000 | $355,000 | -17.75% | $346,655 | $334,544 | +3.62% |
| Median DOM | 8 | 55 | -85.45% | 44 | 36 | +22.22% |
| Sale-to-List Ratio | 91.14% | 98.27% | -7.26% | 97.18% | 97.42% | -0.25% |
Past months
Browse historical Vernal reports — each month's snapshot stays at its own permanent URL.
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.