The shelf finally started to thin.
December produced the first read in months where the active shelf compressed meaningfully against the late-2025 elevated baseline. Closed sales edged up against last December, the median firmed modestly, and the pace clock ran a touch longer than last December but materially shorter than the November and October readings. The year ended on a calmer beat than the late-summer stretch.
The percent-of-list ratio held its strong level. New listings ran above last December but the absorption finally kept up. For the short read on where your home would price into this year-end market, my what is my St. George home worth page is the fastest place to start.