Market analytics
Midway, 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
Midway closings rebound in June as buyers return to the Wasatch Back — but inventory keeps building.
Get this report emailed every month
✓ You're in — see you next month.
Closed sales in Midway recovered to 12 in June 2026, up 33% from May's 9 closings, a meaningful rebound after the spring dip — though still well below the 17 closings recorded in June 2025. That year-over-year decline of 29% tells the cleaner story: demand on the Wasatch Back has cooled from last summer's pace, even as June's warm alpine weather drew buyers back to tour properties near Soldier Hollow and the Homestead corridor. Active inventory, meanwhile, reached 125 homes — more than double the 60 active listings Midway carried in June 2025 — giving buyers a selection they haven't had in years.
Market pulse
Active inventory in Midway has climbed steadily all year: from 58 homes in January to 62 in February, 74 in March, 87 in April, 102 in May, and now 125 in June — a more than doubling since the start of 2026. That supply build has shifted negotiating leverage: the sale-to-list ratio slipped to 94.03% in June, down from 97.94% in April and 95.98% in May, and 10 of the 12 June closings settled below list price. Days on market tell a more nuanced story — the median was just 14 days in June, down from 12 in May and well below the 66-day medians seen in March and August 2025, suggesting that correctly priced homes in communities like Cascade Meadows and the Cascades at Soldier Hollow are still moving quickly. Seven of June's 12 closings involved a prior price reduction, the first month this data has been reliably tracked, indicating that sellers who started too high had to adjust before finding a buyer.
Mortgage context
The 30-year fixed rate sits at 6.75% as of early July, up 0.125 percentage points over the past 30 days from 6.625%, and has climbed 0.56 percentage points since February's monthly average of 6.19% — the low point of the past seven months. For a market where most closings clear above $1 million and jumbo financing (currently at 7.375%) is often required, that trajectory matters: buyers who need a jumbo loan are facing meaningfully higher carrying costs than they would have in February, which helps explain why the $400K–$700K band went entirely unsold in June while the over-$700K segment still moved 10 homes.
Payment math
Finance a median-priced $1,011,000 Midway home with 20% down and today's 6.75% rate, and the monthly principal-and-interest payment lands at $5,248 — $67 more than it was 30 days ago when the rate stood at 6.625%, and $298 above the February low when rates averaged 6.19% and that same loan would have carried a $4,950 payment.
If you're buying
With 125 active listings and a sale-to-list ratio of 94.03%, buyers in Midway have real room to negotiate — target homes that have been on the market past 40 days, where sellers have already demonstrated willingness to cut (seven of June's 12 closings involved a price reduction). If you need jumbo financing, get a rate lock conversation started early: at 7.375% for jumbo loans, the payment gap versus a conforming loan on a $1 million Midway property is substantial, and locking before further rate movement could save hundreds per month. Communities like Interlaken and Scotch Fields have seen repeat activity in recent months, so recent comparable sales there are a useful anchor for offer pricing.
If you're selling
Pricing to last year's sale-to-list ratios — when Midway averaged close to 98% — will leave your home sitting in a 125-listing field. June's data shows that sellers who accepted the market's 94% reality closed in a median of 14 days; those who didn't are part of the growing inventory count. If your home is in the $700K–$1.5M range (where 10 of June's 12 closings landed), condition and presentation matter more than ever — buyers comparing Dutch Fields PUD, Turnberry PUD, and Remund Farms properties have options, and the ones that show best are closing fastest.
Outlook
Over the next 60–90 days, Midway's market will be shaped by two competing forces: the seasonal draw of late summer on the Wasatch Back, which historically supports solid August volume (20 closings in August 2025), and the continued weight of 125 active listings against a pace of roughly 10–13 closings per month. If new listings keep arriving at June's rate of 33 per month while closings stay in the low teens, the supply overhang will deepen into fall. Buyers considering a move from Park City or Heber City — where inventory is also building — will find Midway's selection compelling, but rate-sensitive buyers will be watching the 30-year closely as it approaches 7%.
Watch for
At the current pace of new listings (33 per month) and closings (roughly 10–13), active inventory could reach 150 or more by September — at which point sale-to-list ratios would likely drift toward the low-93% range and days on market for non-premium properties could extend back toward the 40–60 day territory seen earlier this year.
"Midway's summer split: closings recovered, but 125 active listings and a 94% sale-to-list ratio say sellers are negotiating."
Common questions about Midway this month
Is Midway a buyer's or seller's market in June 2026? ▾
The data points toward buyers. With 125 active listings, a sale-to-list ratio of 94.03%, and 10 of 12 closings settling below list price, buyers have meaningful negotiating leverage. At the current pace of sales it would take roughly 10 months to work through all available inventory, which is well above the 3–4 month range that typically defines a seller's market.
Why did fewer homes close in Midway this June compared to last year? ▾
June 2026 saw 12 closings versus 17 in June 2025 — a 29% decline. The combination of higher mortgage rates (the 30-year has climbed from 6.19% in February to 6.75% today) and a much larger inventory pool means buyers have more time to deliberate and more options to compare, which tends to slow the pace of decisions. The jumbo rate of 7.375% is particularly relevant in a market where most homes sell above $700K.
What price range is actually selling in Midway right now? ▾
In June 2026, all 12 closings were either above $700K (10 homes, with a median sale price of $1,254,350) or below $400K (2 homes, with a median of $322,500). The $400K–$700K band had zero closings in June. That split reflects both the character of Midway's housing stock — communities like River Meadows Ranch, Cascade Meadows, and the Cascades at Soldier Hollow skew toward luxury — and the financing friction in the middle band.
How does Midway compare to nearby Heber City or Park City right now? ▾
Midway's inventory build and softening sale-to-list ratio mirror broader Wasatch Back trends visible in Heber City and Park City, where supply has also grown through 2026. Buyers priced out of Park City's upper-tier market have historically looked at Midway as an alternative, and the current selection of 125 active listings makes that comparison more attractive than it was a year ago when only 60 homes were available.
Should I reduce my list price if my Midway home hasn't sold? ▾
The June data suggests yes, if you've been on the market more than 30–40 days without an offer. Seven of the 12 homes that closed in June had already taken a price reduction before going under contract, and the median sale-to-list ratio was 94.03%. Homes in communities like Turnberry PUD and Scotch Fields that priced realistically relative to recent comparable sales are closing in the 14-day median range; those holding to last year's pricing expectations are contributing to the growing inventory count.
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 14 · 25th percentile 0 · 75th percentile 46
Needed a price change
Sold listings that had a recorded price change before close
7 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. River Meadows Ranch 1 sold · $3,800K · 0d
- 2. Cascade Meadows Pud 1 sold · $1,875K · 0d
- 3. The Cascades At Soldier Hollow 1 sold · $1,650K · 18d
- 4. Midway 1 sold · $1,550K · 16d
- 5. Turnberry Pud 1 sold · $1,049K · 41d
June 2026 by property type
How each housing type performed last month — 8 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 12 | 17 | -29.41% | 58 | 54 | +7.41% |
| Median Sale Price | $1,011,350 | $1,175,000 | -13.93% | $1,047,880 | $1,128,333 | -7.13% |
| Median DOM | 14 | 48 | -70.83% | 37 | 46 | -19.57% |
| Sale-to-List Ratio | 94.03% | 98.39% | -4.43% | 96.34% | 95.86% | +0.50% |
Past months
Browse historical Midway 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.