Market analytics · June 2026 archive
Farmington, 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
Farmington's June closings slowed sharply as inventory built and buyers gained room to negotiate.
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After two months of near-instant closings — median days on market hit 3 in May and 8 in April — Farmington's June pace stepped back to a median of 7 days, a meaningful shift that signals buyers are taking a breath rather than rushing. Only 12 homes closed in June compared to 24 in June 2025, a 50% drop in volume, while active inventory climbed to 92 homes, up from 67 in May and 54 a year ago. The combination of lighter closings and a growing supply shelf is reshaping the negotiating table in ways that weren't visible during the spring sprint.
Market pulse
The days-on-market arc through 2026 has been anything but linear: the median sat at 62 days in December 2025, fell to 26 in January, held near 28 in February, dropped to 15 in March, reached 8 in April, and then compressed to just 3 days in May before rebounding to 7 in June. That rebound, modest in isolation, coincides with active inventory climbing from 45 homes in January to 92 in June — the most supply Farmington has carried in this monthly series. New listings matched April's pace at 38 in June, keeping the pipeline full even as closings thinned. The sale-to-list ratio actually ticked up to 100.36% in June, meaning the 12 homes that did close sold slightly above asking — a reminder that well-priced properties along the Farmington Ranches and Mountain View Estates corridors are still drawing competitive offers, even if the overall volume has pulled back.
Mortgage context
The 30-year fixed rate held steady at 6.625% through the past 30 days, offering Farmington buyers a rare moment of payment predictability after months of drift. The longer arc is less comfortable: rates averaged 6.19% in February, climbed to 6.48% in March, pulled back slightly to 6.42% in April, then moved higher through May (6.55%) and June (6.66%) before settling at today's 6.625% spot. That February-to-now climb of 0.43 percentage points has added real dollars to every offer written in Farmington this summer.
Payment math
At $678,000 — Farmington's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $3,470 at today's 6.625% rate, unchanged from 30 days ago since rates have held flat; compared to February's 6.19% average, however, that same purchase would have cost $3,316 a month, meaning the rate climb since that winter low adds $154 every month to the payment.
If you're buying
With 92 active listings and only 12 closings in June, Farmington now offers buyers genuine selection — target homes that have been sitting past 30 days on market, where sellers are more likely to negotiate on price or concessions. The $400K–$700K band, where 6 of June's 12 closings landed at a median of $577,500, is worth particular attention: days on market in that segment ran 7 days, but the broader inventory build means more options are available than at any point since last summer. Buyers eyeing the Station Park area or Farmington Crossing townhomes should compare carefully against the growing active pool before committing at list price.
If you're selling
June's 100.36% sale-to-list ratio is encouraging, but it reflects only 12 closings — the homes that sold were priced right from day one. With 92 active listings competing for a thin buyer pool, sellers who price to last spring's peak ratios risk sitting while better-positioned homes close around them. If your home doesn't have a clear differentiator — a Farmington Hills bench view, a Chestnut Farms finish level, or a walkable Station Park location — consider pricing 2–3% below recent comparable sales to generate early traffic during June and July's warm-weather showing season.
Outlook
Over the next 60–90 days, Farmington's market will likely stay in a holding pattern: inventory is elevated, rates are stable but not falling, and the summer closing calendar tends to thin further in August as families settle before school starts. If new listings continue arriving at 30–38 per month while closings stay in the low teens, the supply cushion will widen and sellers will face more direct competition. A meaningful rate drop — even back toward the February low of 6.19% — would likely pull sidelined buyers back into the market and tighten days on market again, but absent that catalyst, buyers in Farmington hold more leverage than they have in over a year.
Watch for
At the current pace of roughly 12 closings per month against 92 active listings, it would take about 7.7 months to sell every home currently on the market in Farmington — and if new listings keep arriving at 38 per month through July and August while closings don't accelerate, that figure could push past 9 months of supply by early fall, shifting pricing power further toward buyers.
"Fewer closings, more choices, and a sale-to-list ratio that flipped above 100% — Farmington's June told two stories at once."
Common questions about Farmington this month
Is Farmington a buyer's or seller's market in June 2026? ▾
The balance has shifted toward buyers. With 92 active listings and only 12 closings in June, there's roughly 7–8 months of supply on the market — well above the 2–3 months that typically favors sellers. That said, homes priced accurately are still closing above list price, so it's not a uniformly soft market; it's a market that rewards realistic pricing.
Why did Farmington home sales drop so much compared to last June? ▾
June 2025 saw 24 closings; June 2026 had 12. Part of the explanation is the rate environment — the 30-year averaged 6.66% in June 2026, up from lower levels a year ago, which has reduced the pool of qualified buyers willing to transact. Inventory is also higher, giving buyers more time to be selective rather than rushing to close.
Are homes in Farmington selling above or below asking price? ▾
Of the 12 homes that closed in June, the overall sale-to-list ratio was 100.36%, meaning the group as a whole sold slightly above list. However, 6 of the 12 closed below asking, so results are split — the homes that sold above list were likely priced competitively from the start, while others required negotiation.
What's happening with Farmington's luxury market above $700K? ▾
The over-$700K segment accounted for exactly half of June's closings (6 of 12), with a median sale price of $847,500 and a median of just 6 days on market. Neighborhoods like Mountain View Estates and Farmington Ranches contributed closings in this range. Upper-tier homes that are well-positioned are still moving quickly, even as the broader market softens.
How do rising mortgage rates affect buying a home in Farmington right now? ▾
At today's 6.625% rate on a $678,000 median-priced home with 20% down, the monthly principal-and-interest payment is $3,470. That's $154 more per month than it would have been in February when rates averaged 6.19%. Rates have been flat for the past 30 days, so there's no immediate pressure to rush — but buyers hoping for a return to sub-6.2% rates may be waiting longer than expected.
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
12 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 7 · 25th percentile 0 · 75th percentile 31
Needed a price change
Sold listings that had a recorded price change before close
4 of 12 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. Residence At Farmington Hills Ph 1 1 sold · $2,887K · 0d
- 2. Mountain View Estates 1 sold · $1,057K · 0d
- 3. Farmington Ranches 1 sold · $860K · 32d
- 4. Steed Place 1 sold · $835K · 12d
- 5. Cave Hollow Subdivis 1 sold · $615K · 1d
June 2026 by property type
How each housing type performed last month — 9 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 12 | 24 | -50.00% | 99 | 139 | -28.78% |
| Median Sale Price | $677,500 | $631,613 | +7.27% | $672,580 | $628,557 | +7.00% |
| Median DOM | 7 | 19 | -63.16% | 14 | 21 | -33.33% |
| Sale-to-List Ratio | 100.36% | 99.19% | +1.18% | 99.28% | 99.21% | +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.