Market analytics · June 2026 archive
Cedar 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
June 2026 · Market Analysis
Cedar City closings jump to 75 in June as price cuts do the heavy lifting.
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Cedar City posted 75 closed sales in June 2026, up from 45 in May and well above the 53 closings recorded in June 2025 — the strongest sales month in this run. But the median sale price fell to $389,000 from $510,000 in May, and 33 of those 75 sales came after a price reduction, suggesting sellers had to concede ground to move volume rather than demand simply accelerating on its own.
Market pulse
Closed sales in Cedar City have swung widely over the past six months — 37 in January, up to 62 in March, back down to 45 in May, then jumping to 75 in June, the highest monthly total in the run. Active inventory has climbed every month since January, from 240 to 270 to 298 to 312 to 385 and now 411 in June, even as new listings held roughly steady at 102 for the month. Median days on market fell to 30 in June from 38 in May and 49 in April, and the sale-to-list ratio ticked up to 99.59%, its best reading of the past six months. Price cuts became common in June, with 33 of 75 sales involving a reduction versus 16 of 45 in May, pointing to sellers meeting the market rather than buyers chasing it.
Mortgage context
The 30-year rate sits at 6.75% as of early July, up 0.125 percentage points over the past 30 days and continuing a climb from February's 6.19% average through 6.55% in May and 6.66% in June. That steady upward drift is showing up in Cedar City's price bands: the under-$400,000 tier, where volume subdivisions like Cottonwood Hollow PUD sit, drew 40 of June's 75 sales, more than any other bracket, as buyers stretch affordability by trading up in price for down in size.
Payment math
On Cedar City's $389,000 median-priced home with 20% down, the monthly principal-and-interest payment runs $2,018 at today's 6.75% rate, $26 more than 30 days ago when the rate averaged 6.625%, and $114 above the February 2026 low of $1,904, when the rate averaged 6.19%.
If you're buying
Closings jumped to 75 in June from 45 in May, but a third of those sales (33 of 75) followed a price cut, and the entry-level band under $400,000 — which includes volume subdivisions like Cottonwood Hollow PUD — saw median days on market fall to just 20. Target listings that have already taken one price reduction; with 31 of 75 June sales closing below list, there's still room to negotiate even in a fast-moving month. Homes in the $400,000-$700,000 range near Iron West and Old Sorrel Ranch are moving in about 37 days, so be ready to act within the first two to three weeks if you want a shot at listing price.
If you're selling
With active inventory at 411 homes — more than double where it sat a year ago — and a third of June's closings involving a price cut, price at or near recent sales from the start rather than testing the top of the range. Homes in the $700,000-plus tier, like the Saddle Back Ridge sale at $1,050,000, are still moving in about 38 days, so upper-bracket sellers near Old Sorrel Ranch or South Mountain aren't being punished for patience the way sub-$400,000 sellers competing with Cottonwood Hollow PUD inventory are. Lean on the 99.59% sale-to-list ratio as evidence that well-priced homes are still clearing near ask.
Outlook
Expect the summer construction and AC-driven cooling-cost season to keep pushing entry-level buyers toward Cottonwood Hollow PUD and similar under-$400,000 subdivisions, while move-up buyers watch $400,000-$700,000 inventory near Iron West and Old Sorrel Ranch. If the 30-year rate keeps climbing toward 7%, expect June's median days on market of 30 to stretch back toward the 40s-to-50s range seen earlier this spring. Inventory near 411 active listings gives buyers more room to negotiate than they've had in over a year, but sellers who price close to what Cottonwood Hollow PUD and Iron West comparable sales are fetching should still see June-level speed.
Watch for
If the 30-year rate crosses 7% in the next 90 days, expect June's 5.48-months-of-supply reading to climb toward 7 as buyers who can't qualify at higher payments step back from the 75-closing pace Cedar City just posted.
"Cedar City's June rebound ran on price cuts, not new demand."
Common questions about Cedar City this month
Is Cedar City a buyer's or seller's market in June 2026? ▾
Inventory of 411 active listings, more than double last June's count, combined with 33 of 75 June sales involving a price cut, points toward buyers having more leverage than a year ago. Sellers are still closing near asking on average — the sale-to-list ratio hit 99.59% — but only after conceding on price more often than earlier this spring.
Why did Cedar City's median sale price drop in June 2026? ▾
June's median fell to $389,000 from $510,000 in May largely because the under-$400,000 price band, which includes subdivisions like Cottonwood Hollow PUD, accounted for 40 of the month's 75 sales — the biggest share of any bracket. More entry-level closings pulled the overall median down even though the $400,000-$700,000 and over-$700,000 bands held steadier prices.
How much has the mortgage rate increase affected monthly payments in Cedar City? ▾
On the $389,000 median-priced home, the payment at today's 6.75% rate is $2,018 with 20% down, up $26 from 30 days ago and $114 above the $1,904 payment buyers would have had in February 2026 when rates averaged 6.19%. That's a meaningful monthly gap for buyers who were shopping earlier this year.
Are homes selling faster or slower in Cedar City this summer? ▾
Faster: median days on market dropped to 30 in June from 38 in May and 49 in April, continuing a downward trend since March's 79-day median. The fastest-moving segment is the under-$400,000 band, where median days on market fell to 20.
Which Cedar City neighborhoods are seeing the most activity right now? ▾
Cottonwood Hollow PUD led June with 6 sales at a median 0 days on market, and the catch-all entry-level segment near it accounted for a large share of closings. Old Sorrel Ranch and Iron West continue to show up regularly in the $400,000-$700,000 range, while Saddle Back Ridge produced one of June's few over-$700,000 sales.
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 ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
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
80 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 27 · 25th percentile 0 · 75th percentile 72
Needed a price change
Sold listings that had a recorded price change before close
35 of 80 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. Not Available 12 sold · $255K · 65d
- 2. Cottonwood Hollow Pud 6 sold · $255K · 0d
- 3. Cottonwood Hollow 2 sold · $362K · 9d
- 4. Saddle Back Ridge 1 sold · $1,050K · 46d
- 5. Black Sage 1 sold · $728K · 0d
June 2026 by property type
How each housing type performed last month — 80 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 80 | 53 | +50.94% | 347 | 284 | +22.18% |
| Median Sale Price | $382,450 | $398,999 | -4.15% | $430,766 | $396,438 | +8.66% |
| Median DOM | 27 | 69 | -60.87% | 51 | 50 | +2.00% |
| Sale-to-List Ratio | 99.55% | 98.22% | +1.35% | 98.95% | 98.51% | +0.45% |
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.