Soft volume, steady prices.
St. George started 2025 with a clear soft patch on the volume side. Closed sales fell by a fifth year over year, dollar volume fell sharply, and the average sale price pulled back meaningfully. The median held its level, which says the soft volume read is mostly a count problem, not a price collapse. Sellers showed up, with new listings rising materially and the active shelf carrying significantly more single-family homes than last January.
The pipeline at month end matched last January's pipeline almost exactly, which is the most important number in a quiet winter month. Buyers were a touch slower to step in this January than last, but they were still stepping in. If you are wondering where your home would price into this winter, my what is my St. George home worth page is the fastest place to start.