The supply side woke up first.
New single-family listings ran forty percent ahead of last February, the under-contract count climbed sixty-six percent, and active inventory pushed forty-one percent higher than the year prior. Closings barely moved (fourteen against thirteen), which is exactly the pattern of a market where sellers and pending buyers are getting in position and the closing numbers will follow in March and April.
Median sale price moved meaningfully higher year over year on a fourteen-sale base. With this few transactions, that median is directional rather than definitive. The honest read is that the homes that traded this February skewed slightly higher in the price stack than last February's mix did.
The active-listings-sit metric crept up to one hundred forty-two days, twenty-nine percent ahead of last February. Higher-end Ivins listings have always run on a longer clock; February is when the well-prepared listings start drawing the attention they need.