Market analytics
Farr West real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from the Utah MLS feed.
Updated · Source: Utah RESO MLS
April 2026 · Market Analysis
Farr West sellers hold the line as April closings hit list price.
Farr West recorded 7 sales in April 2026 at a median sale price of $635,000, essentially matching the $635,000 median from August 2025 and landing close to the prior 12-month average of 8 monthly closings. The standout figure is the sale-to-list ratio: April closed at 100%, the second month in the past three (alongside February 2026) where homes that sold fetched full asking. Active inventory sat at 27 homes, up modestly from 24 a year earlier.
Market pulse
Across the 13-month window, Farr West's active count has moved in a tight band between 24 and 38 homes, peaking at 38 in November 2025 and easing to 25 in March 2026 before ticking back to 27 in April. New listings rebounded to 11 in April after just 4 in March and 6 in February, the strongest month for fresh supply since January 2026. Median days on market compressed sharply, from 171 in January and 103 in December 2025 down to 23 in April — the fastest pace in the dataset outside February's single-deal zero. The sale-to-list ratio has also recovered from the 70-79% readings seen in late 2025 to 100% in April, suggesting the homes that are clearing are priced to meet the market.
Mortgage context
The 30-year mortgage rate sits at 6.75% as of late May 2026, up 0.5 points over the prior 30 days. Applied to a Farr West-priced home near the $635,000 median, that move adds roughly $167 to a monthly principal-and-interest payment, a 5.3% increase in carrying cost in a single month. For a market where most closings sit in the $600,000s, that swing is large enough to push some borrowers toward the 6.25% FHA or VA options, or to trim the price band they can qualify for.
Outlook
Over the next 60-90 days, Farr West buyers should expect continued price discipline from sellers given the 100% sale-to-list reading and the 23-day median DOM in April — well-priced homes are moving quickly. If the 30-year rate holds near 6.75% or drifts higher, the affordability squeeze will likely keep monthly closings in the high single digits rather than expanding meaningfully. Sellers listing into the early-summer window should benefit from the rebound in new supply being absorbed at near-asking, but anything priced above recent comparables risks the long DOM pattern seen in late 2025.
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
Summary Statistics
| Metric | Apr-26 | Apr-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 7 | 1 | +600.00% | 33 | 29 | +13.79% |
| Median Sale Price | $635,000 | $765,000 | -16.99% | $671,042 | $538,328 | +24.65% |
| Median DOM | 23 | 243 | -90.53% | 116 | 110 | +5.45% |
| Sale-to-List Ratio | 100.00% | 95.63% | +4.57% | 89.90% | 94.05% | -4.41% |
Source: Utah RESO feed aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the original list price (pre-reduction). Absorption rate = active inventory ÷ monthly sold rate.