Market analytics · June 2026 archive
Vernal, 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
Vernal's June closings went instant — but the sale-to-list gap tells a different story
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The headline number in Vernal's June 2026 market is a median days on market of zero — meaning more than half of the 16 closings recorded had no measurable time between listing and contract. That sounds like a seller's market, but the rest of the data tells a more complicated story: the sale-to-list ratio dropped to 90.59%, the weakest reading since December 2025's 93.95%, and 11 of those 16 closings settled below asking price. A year ago in June 2025, Vernal posted 19 closings at a 98.27% sale-to-list ratio with a median days on market of 55 — so while homes are technically closing faster, sellers are giving up far more ground on price than they were twelve months ago.
Market pulse
Active inventory in Vernal reached 147 homes in June, climbing from 114 in May, 106 in April, and 99 in March — a steady build that has put more choices in front of buyers than at any point in the past year. New listings came in at 52 in June, close to April's 54, keeping the supply pipeline full even as closings slowed to 16 — the lightest month since February's 20. The sale-to-list ratio's drop to 90.59% in June is the sharpest single-month decline in the six-month window, falling from May's 98.81% and reversing what had been a relatively stable band between 97% and 99% from February through May. At June's closing pace, it would take roughly nine months to sell every home currently listed in Vernal — up from about four and a half months in May — reflecting the widening gap between available supply and active buyers.
Mortgage context
The 30-year fixed rate in Vernal sits at 6.75% as of early July, up 0.125 percentage points over the past 30 days from 6.625%. That's the top of a range that has climbed steadily since February's monthly average of 6.19% — a move of 0.56 percentage points that has added real dollars to every purchase. For buyers financing at today's rate, the monthly principal-and-interest payment on a median-priced home is noticeably higher than it was at the winter low, which helps explain why the under-$400K segment continues to carry the bulk of Vernal's transaction volume.
Payment math
At $300,000 — Vernal's June median — with 20% down, the monthly principal-and-interest payment runs $1,557 at today's 6.75% rate, which is $20 more than it was 30 days ago when the rate stood at 6.625%, and $89 above the February low when rates averaged 6.19% and that same loan would have cost $1,468 a month.
If you're buying
With 147 active listings and a sale-to-list ratio that dropped to 90.59% in June, buyers in Vernal have real negotiating room — particularly on homes in the $400K–$700K range, where only 2 closed in June and the median days on market was 34. Target listings in Dove Creek, Ashley Heights, and South Ridge Estates that have been sitting more than 30 days; sellers in those neighborhoods have already demonstrated willingness to accept offers well below list. An FHA rate of 6.25% is also worth exploring for buyers in the under-$400K band, where 13 of June's 16 closings occurred and the median sale price was $282,500.
If you're selling
June's 90.59% sale-to-list ratio is a clear signal that Vernal sellers who price to last spring's expectations are leaving money on the table — or sitting unsold. With the median list price at $395,000 and the median sale price at $300,000, the gap between what sellers are asking and what buyers are paying has rarely been wider. Price to where recent comparable sales actually landed, not where you hope the market is, and prioritize condition: the 6 closings that involved a prior price cut in June suggest that homes needing repositioning are taking the biggest hits.
Outlook
Vernal heads into July and August with 147 active listings, a closing pace of 16 per month, and rates holding above 6.75% — conditions that favor buyers and put continued pressure on sellers to adjust expectations. Seasonally, Uintah Basin summers bring warm weather and active buyer traffic, but the inventory build since March suggests that foot traffic alone won't clear the backlog without price concessions. If new listings continue running above 45 per month and closings stay below 25, the months-of-supply figure will likely push past 10 by late summer, deepening the buyer advantage further.
Watch for
Should closings remain below 20 per month through August while new listings hold near 50, active inventory in Vernal could approach or exceed 175 homes — a level that would likely push the sale-to-list ratio into the upper 80% range and put additional downward pressure on median sale prices across all price bands.
"Zero-day closings, a 90.6% sale-to-list ratio, and 147 active listings: Vernal's summer split is wide open."
Common questions about Vernal this month
Is Vernal a buyer's or seller's market in June 2026? ▾
By most measures, June 2026 is a buyer's market in Vernal. Active inventory reached 147 homes while only 16 closed, and the sale-to-list ratio dropped to 90.59% — meaning buyers are on average paying about 9.4% below asking price. That's a significant shift from a year ago, when the ratio was 98.27% and sellers held much more leverage.
Why did Vernal's median days on market drop to zero if the market is softening? ▾
The zero-day median reflects how the data is recorded: homes that go under contract on the same day they list — or that were pre-sold before hitting the MLS — count as zero days on market. In June, enough of Vernal's 16 closings fell into that category to pull the median to zero. It doesn't mean the broader market is moving fast; the 75th mark for days on market was still 7 days, and the homes that did sit — particularly in the $400K–$700K range — averaged 34 days.
What's happening with home prices in Vernal compared to last year? ▾
The June 2026 median sale price of $300,000 is down from $355,000 in June 2025 — a meaningful decline, though the small number of closings (16 this year vs. 19 last year) means the median can shift based on which types of homes happen to close in a given month. The under-$400K segment, which made up 13 of June's 16 closings, had a median sale price of $282,500, pulling the overall figure lower.
Are there good deals right now in Vernal neighborhoods like Ashley Heights or South Ridge Estates? ▾
With 147 active listings and a sale-to-list ratio of 90.59%, buyers have more room to negotiate than at any point in the past year. Established neighborhoods like Ashley Heights and South Ridge Estates — which have appeared in Vernal's closing data at price points above $450,000 — tend to see longer days on market in the $400K–$700K band, where only 2 homes closed in June. That thin demand gives buyers a stronger position to negotiate on price and terms.
How are rising mortgage rates affecting Vernal buyers in mid-2026? ▾
The 30-year rate has climbed from a February average of 6.19% to 6.75% today — a move of 0.56 percentage points that adds $89 per month to the principal-and-interest payment on a $300,000 home with 20% down. That monthly payment now runs $1,557, compared to $1,468 at February's low. For buyers stretching to the upper end of the under-$400K range, that difference is real, and it's one reason demand has concentrated in the lower price tiers while the $400K–$700K segment has gone quiet.
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
17 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 0 · 25th percentile 0 · 75th percentile 7
Needed a price change
Sold listings that had a recorded price change before close
6 of 17 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. Mile High Village 3 sold · $13K · 0d
- 2. Krystle Home Subdivision 2 sold · $393K · 58d
- 3. Rockville 1 sold · $449K · 0d
- 4. Prairiedell Subdivision 1 sold · $365K · 0d
- 5. Calder-Ashton Addition 1 sold · $335K · 0d
June 2026 by property type
How each housing type performed last month — 16 closings total across subtypes.
Summary Statistics
| Metric | Jun-26 | Jun-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 17 | 19 | -10.53% | 148 | 158 | -6.33% |
| Median Sale Price | $292,000 | $355,000 | -17.75% | $346,655 | $334,544 | +3.62% |
| Median DOM | — | 55 | — | 40 | 36 | +11.11% |
| Sale-to-List Ratio | 91.14% | 98.27% | -7.26% | 97.18% | 97.42% | -0.25% |
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.