A seven-figure median on seventeen sales.
June produced the first seven-figure single-family median in this run of Ivins reports, roughly fifty-eight percent above last June. Before anyone reads that as a citywide repricing, the count matters. Seventeen homes closed, down about a quarter from a year ago. Seventeen is a small file, and in a city this small the question of which homes happen to close moves the median further than the market does.
What the mix did shows up on the next line. The average sale price also jumped, close to fifty percent, which is what happens when the upper price bands do most of the trading in a given month. Dollar volume tells the same story from the other side: total dollars closed rose about nine percent on six fewer sales. Fewer homes, bigger tickets.
Underneath the headline, the working parts of the market stayed calm. Active inventory finished about four percent lighter than last June, new listings came on about nine percent ahead, and sellers kept roughly ninety-seven cents on the list dollar. That is a steady June, not a hot one.