Thin on supply, firm on price.
July was a small month on every count that measures activity. New listings fell almost thirty percent against last July, closings dropped seventeen percent, pendings fell fifteen, and the active shelf ran four percent leaner. Less of everything moved through the market.
What did not shrink was price. The single-family median edged up year over year and the average rose about two percent alongside it, so both price lines pointed the same direction. Buyers paid about ninety-nine percent of list, a point better for sellers than last July, and across all residential closings the typical gap between asking and sale narrowed to roughly ten thousand dollars, down from about fifteen thousand a month earlier. Fewer homes, less discounting. What is my home worth in St. George is the quick way to see where yours sits in that.