Lake View South’s rolling three-month data through June 2026 shows notable year-over-year cooling. Typical home values are down slightly compared to a year ago, and the median list price has fallen more sharply, indicating sellers are pricing more conservatively. Sales volume has dropped from last year, while inventory is modestly higher, giving buyers more options than before.
In the latest period, the typical home value sits around $500,000, while the median list price is closer to $433,000, highlighting a gap between closed sale prices and current asking prices. Months of supply has climbed to 4.4, up significantly from last year and from early 2025, signaling a shift away from the very tight conditions seen in past summers. Homes now spend a median of 38 days on the market, much longer than a year ago, and only about one in five sell above list, which contrasts with the higher share of above-list sales seen in 2023.
Compared with Provo overall, Lake View South’s typical sale price is slightly higher, but the area shows more pronounced changes in supply and time on market. New listings in the neighborhood have more than doubled year over year, even as homes sold and pending sales have pulled back. This combination points to a market that is more balanced than before, even though conditions still lean toward sellers. Whether you are trying to stand out as a seller or time your purchase as a buyer, Agent Pronto can connect you with a Lake View South agent who understands these trends.
