Market analytics · June 2026 archive
Salt Lake 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
Salt Lake City homes are closing in 3 days — but fewer buyers are pulling the trigger in June.
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The median days on market in Salt Lake City fell to just 3 in June 2026 — down from 7 in May and 11 in April — meaning the typical home that closed last month went under contract within days of listing. That speed is striking, but it tells only half the story: closings dropped to 198, compared to 270 in May and 248 in June 2025, while active inventory climbed to 860 homes, the most Salt Lake City has carried since at least last spring. Buyers who did act moved decisively; those who hesitated found more choices waiting for them each week.
Market pulse
The speed of closings in Salt Lake City has compressed dramatically since winter: the median days on market ran 41 in January, 40 in February, then snapped to 14 in March and 11 in April as spring buyers arrived. May tightened further to 7 days, and June landed at 3 — meaning half of all closings went from list to contract in under three days. At the same time, active inventory grew from 735 in May to 860 in June, and new listings held at 371 after April's peak of 461, so supply is accumulating faster than closings can clear it. The sale-to-list ratio stayed firm at 99.12%, nearly matching May's 99.35%, which tells you that homes priced correctly are still getting close to full ask — it's the volume of buyers, not their willingness to pay, that softened in June.
Mortgage context
The 30-year fixed rate reached 6.75% as of early July, up 0.125 percentage points over the past 30 days from 6.625%, and has climbed steadily since February's monthly average of 6.19% — a move of 0.56 percentage points over roughly four months. That trajectory has added real weight to monthly payments on Salt Lake City homes, and with the jumbo rate now sitting at 7.375%, buyers shopping above $700,000 face a notably steeper cost of financing than they did at the start of the year.
Payment math
At $597,000 — Salt Lake City's June median — a buyer putting 20% down carries a monthly principal-and-interest payment of $3,098 at today's 6.75% rate, which is $40 more than 30 days ago when the rate stood at 6.625%, and $176 above the February low when rates averaged 6.19% and that same loan would have run $2,922 a month.
If you're buying
With 860 active listings and only 198 closings in June, Salt Lake City buyers have more negotiating room than the 3-day median suggests — the inventory is building, and 51 of June's 198 closings involved a seller who had already cut their price. Target homes that have been sitting past 20 days on market, particularly in the Avenues and Rose Park corridors, where sellers who priced to April's near-parity conditions are now competing against a larger pool of fresh listings. If you're shopping above $700,000, the jumbo rate at 7.375% makes the math significantly harder than a conventional loan — running both scenarios with your lender before making an offer is worth the hour.
If you're selling
The 3-day median days on market is real, but it reflects homes that were priced sharply — the 97 June closings that sold below list price show that overpriced homes are still sitting and conceding ground. Price at or just under recent comparable sales in your neighborhood rather than anchoring to April's near-100% sale-to-list peak; with 860 active homes competing for 198 buyers, the window for aspirational pricing has narrowed. Sellers in Liberty Wells and the Highland Park area who can differentiate on condition — updated kitchens, finished basements, move-in ready — are still seeing strong interest, but homes that need work are taking longer and landing lower.
Outlook
Over the next 60 to 90 days, Salt Lake City's inventory will likely keep climbing as new listings continue to outpace closings — if that gap persists, the time it takes to sell every listed home will stretch beyond June's current pace of roughly 4.3 months. Rates hovering near 6.75% and trending upward will keep some buyers on the sideline, particularly first-time buyers in the under-$400,000 band where only 40 homes closed in June. Sellers who get ahead of the fall slowdown by listing in July and pricing competitively will have a better shot at the remaining active buyer pool before the market's seasonal wind-down begins in September.
Watch for
At the current pace of new listings outrunning closings, active inventory could cross 1,000 homes by August — a level that would likely push the sale-to-list ratio toward the mid-97% range and give buyers meaningful room to negotiate on price for the first time since last winter.
"Blazing fast closings, a growing pile of listings, and a mortgage payment $176 heavier than February — Salt Lake City's June split the difference."
Common questions about Salt Lake City this month
Is Salt Lake City a buyer's or seller's market in June 2026? ▾
It's split. Homes priced correctly are still closing in days and near full asking price — the sale-to-list ratio held at 99.12% in June. But with 860 active listings and only 198 closings, supply is building faster than demand can absorb it, which gives buyers more options and more leverage on homes that have been sitting for more than two or three weeks.
Why did fewer homes close in June if they're selling so fast? ▾
The 3-day median days on market reflects homes that went under contract quickly — but not every listed home found a buyer. Active inventory grew to 860 in June while new listings came in at 371, meaning more homes are accumulating on the market than are closing each month. The buyers who acted moved fast; a larger share of sellers simply didn't attract an offer.
How much has the mortgage payment changed since earlier this year? ▾
On a $597,000 home with 20% down, the monthly principal-and-interest payment is $3,098 at today's 6.75% rate. That's $176 more per month than it would have been in February when rates averaged 6.19% and the payment would have been $2,922. The 30-day move alone added $40 to that payment.
Are Salt Lake City home prices rising or falling in 2026? ▾
The June median sale price reached $597,075, up from $577,450 in May and well above June 2025's $529,000. However, the median reflects only homes that actually closed — with inventory growing and more sellers cutting prices before closing, the upward pressure on medians may ease if buyer volume stays soft through summer.
Which Salt Lake City neighborhoods are seeing the most activity right now? ▾
The Park neighborhood has appeared at the top of the closed-sales list every month this year, with 11 closings in June at a median of $530,000. Liberty Wells posted a median sale price of $890,000 on 3 closings, and the Avenues — a perennial active segment — has been a consistent presence. Buyers priced out of the Avenues or Highland Park area are increasingly looking at Rose Park and Hoffman Heights, where the price points are lower and days on market have been running longer, creating more room to negotiate.
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
206 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 3 · 25th percentile 0 · 75th percentile 20
Needed a price change
Sold listings that had a recorded price change before close
53 of 206 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. Park 11 sold · $530K · 0d
- 2. The Monroe 4 sold · $517K · 0d
- 3. North 3 sold · $1,253K · 4d
- 4. Liberty Wells 3 sold · $890K · 0d
- 5. Plat A Big Field Sur 3 sold · $780K · 0d
June 2026 by property type
How each housing type performed last month — 204 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 206 | 248 | -16.94% | 1,314 | 1,375 | -4.44% |
| Median Sale Price | $597,075 | $529,000 | +12.87% | $577,464 | $535,964 | +7.74% |
| Median DOM | 3 | 12 | -75.00% | 17 | 21 | -19.05% |
| Sale-to-List Ratio | 98.99% | 99.37% | -0.38% | 98.84% | 98.87% | -0.03% |
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.