Shelf thinned, dollars climbed, clock stayed long.
Q1 2026 finished with the year's first piece of structural good news for sellers: the active shelf finally compressed against last Q1's elevated level. Closings edged up two percent, the median held essentially flat at $577,250, and the percent-of-list ratio held its level. The strongest line was the money: dollar volume rose nine percent to $284.2 million and the average climbed seven percent, which says the upper tier was active and doing a disproportionate share of the work even as the typical home held flat. The pace clock stretched against last Q1, less than late 2025 but materially longer than 2024.
The three-month arc went from January's loud, high-end-led rebound through February's quieter return to trend into March's steady spring opener with a loading pipeline. Each month told a piece of the same story: the deep-shelf absorption from 2025 is happening on strong dollar volume, but the sharp price-and-count spring acceleration that 2025 produced is not yet repeating. For the short read on where your home would price into this Q1, my what is my St. George home worth page is the fastest place to start.