Market analytics
Highland, 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
May 2026 · Market Analysis
Highland homes are selling faster in May even as inventory and rates both climb
Median days on market in Highland held at 13 days in May 2026 — nearly matching April's 10-day pace and a sharp contrast to the 63-day median recorded in March. That speed is the headline: buyers who are committing are committing quickly, even as the active listing count reached 85 homes and the 30-year rate climbed above 6.6%. Compared to May 2025, closed sales grew from 13 to 22 while active inventory moved from 56 to 85, a shift that gives today's buyers meaningfully more to choose from than they had a year ago.
Market pulse
Over the past six months, Highland's median DOM has swung widely: 29 days in December, 61 in January, 39 in February, 63 in March, then a sharp drop to 10 in April and 13 in May — a pattern that reflects both the lumpy nature of a low-volume luxury market and a genuine spring acceleration in buyer decisiveness. Closed sales climbed from 6 in March to 19 in April and 22 in May, the strongest two-month run since last summer. Active inventory continued building, reaching 85 homes in May after climbing from 63 in March and 72 in April, giving the market roughly 3.86 months of supply at the current absorption pace. The sale-to-list ratio edged down to 97.57% in May from 98.03% in April, and 14 of 22 closings came in below list price — both indicators pointing toward modest but real buyer negotiating room.
Mortgage context
The 30-year fixed rate reached 6.625% as of June 1, up 0.25 percentage points from 6.375% thirty days earlier, and up 0.43 pp from February's monthly average of 6.19% — the low point of the past several months. For Highland buyers financing at the jumbo threshold, the picture is more pointed: the jumbo rate currently sits at 7.125%, which applies to a large share of transactions in this price range. The rate climb since February has added real carrying cost to already-elevated price points, and six of the 22 May closings involved a seller price reduction before going under contract — a sign that some sellers are adjusting to where buyers' budgets actually land.
Payment math
On a median-priced home today, P&I lands at $4,334/mo at 6.625% — $111/mo more than 30 days ago at 6.375%, and $193/mo above the February low when rates averaged 6.19% and P&I would have been $4,141.
If you're buying
Target homes in Highland Hills, Alpine Country, and the Green subdivision that have been sitting 40 days or longer — the subdivision-level data shows median DOMs of 54, 41, and 69 days respectively in May, and the overall sale-to-list ratio on below-list closings is running closer to 97% than 100%. With 6 of 22 May closings involving a price reduction before contract, sellers on stale listings are demonstrating willingness to negotiate; use that as your opening rather than offering at list on a home that's already been cut. If your financing crosses the jumbo threshold, compare conventional conforming options carefully — the jumbo rate at 7.125% adds roughly $200–$300/mo over a conventional 6.625% payment on a $900K loan.
If you're selling
Homes that sold quickly in May — the 25th percentile of DOM was just 4 days — were priced to the current market, not to last spring's tighter conditions when the sale-to-list ratio was 98.93%. With 85 active listings competing for 22 buyers per month, pricing 2–3% under your nearest comp in Highland Hills or Beacon Hill will generate the early showings that prevent a long sit; a 60-day listing at 97% of list is a better outcome than a 120-day listing at 99% that required two price cuts. Condition matters more than ever: the six May closings that required price reductions before contract were almost certainly homes where buyers found reasons to push back.
Outlook
Over the next 60–90 days, Highland's inventory is likely to stay elevated as new listings continue arriving at the spring pace of 32–34 per month while closings run in the low-to-mid 20s. The rate environment — with the 30-year at 6.625% and trending upward — will keep pressure on the upper end of the market, where jumbo financing at 7.125% applies to most transactions above the conforming limit. Buyers considering the Dry Creek corridor or Skye Estates price tier should expect continued negotiating room, while well-priced homes in the $800K–$950K range, where the bulk of May's over-700K closings clustered, are still moving in under two weeks.
Watch for
If the 30-year rate crosses 7% and the jumbo rate approaches 7.5%, expect Highland's months-of-supply to climb past 5 as buyers financing $1M-plus purchases recalculate affordability and the active count — already at 85 — continues building without a matching uptick in closings.
"More closings, quicker sales, rising inventory — Highland's May tells three stories at once."
Common questions about Highland this month
Is Highland a buyer's or seller's market in May 2026? ▾
It's a mixed picture. Homes that are priced correctly are still moving quickly — the median DOM was 13 days in May — but 85 active listings and 14 of 22 closings below list price indicate buyers have real leverage, especially on homes that have been sitting. The 3.86 months of supply puts Highland closer to balanced territory than the tight seller's market of early 2025, when inventory was 56 homes and the sale-to-list ratio was 98.93%.
Why are some Highland homes selling in under a week while others sit for months? ▾
The May data shows a wide spread: the 25th percentile of DOM was 4 days, but the 75th percentile was 48 days. Homes in the $700K–$950K range — where 19 of 22 closings landed — moved in a median of 12 days, while subdivisions like Highland Hills and Green saw median DOMs of 54 and 69 days respectively. Pricing relative to current comps, not last year's comps, is the primary driver of which side of that gap a listing falls on.
How much does the jumbo rate affect buying a home in Highland? ▾
Most Highland transactions exceed the conforming loan limit, which means jumbo financing at 7.125% applies to a large share of buyers. On a $920,000 purchase (the May median for the over-$700K band) with 20% down, the jumbo rate adds roughly $200–$300/mo in P&I compared to a conventional 6.625% rate. Buyers who can structure their purchase to stay under the conforming limit — or who have significant down payment flexibility — should model both scenarios carefully.
Are prices in Highland falling? ▾
The May median sale price of $846,000 is down from April's $890,000 and from May 2025's $881,000, but Highland's low transaction volume means month-to-month medians shift significantly based on which homes happen to close. Six of 22 May closings involved a seller price reduction before contract, which does indicate sellers are adjusting to buyer resistance at original list prices. The over-$700K segment — which represents 19 of 22 closings — had a May median of $920,000, roughly in line with recent months.
Which Highland neighborhoods are most active right now? ▾
Highland Hills led May with 3 closings at a median sale price of $826,500, followed by Green and Alpine Country with 2 closings each at medians of $945,000 and $820,000. At the upper end, Skye Estates and Diamond Meadows each recorded one closing at $2,450,000 and $1,790,000 respectively. Buyers looking for relative value in the $800K–$850K range will find the most activity — and the most competition — in Highland Hills and Alpine Country.
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
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
23 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 13 · 25th percentile 5 · 75th percentile 52
Needed a price change
Sold listings that had a recorded price change before close
6 of 23 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. Highland Hills 3 sold · $827K · 54d
- 2. Green 2 sold · $945K · 69d
- 3. Alpine Country 2 sold · $820K · 41d
- 4. Skye Estates 1 sold · $2,450K · 0d
- 5. Diamond Meadows 1 sold · $1,790K · 12d
May 2026 by property type
How each housing type performed last month — 21 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 23 | 13 | +76.92% | 68 | 74 | -8.11% |
| Median Sale Price | $850,000 | $881,000 | -3.52% | $928,277 | $806,414 | +15.11% |
| Median DOM | 13 | 5 | +160.00% | 27 | 39 | -30.77% |
| Sale-to-List Ratio | 97.68% | 98.93% | -1.26% | 97.93% | 98.94% | -1.02% |
Past months
Browse historical Highland 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.