New month, fresh numbers. Here's where the Greater St. George market landed heading into September, straight from the latest MLS data. As always, I like to keep it honest — just the stats that actually matter and what they mean if you're thinking about buying or selling.
Prices Are Holding Steady
The median sold price in Greater St. George came in at $520,000. That's just about flat compared to a year ago (it was $530,000 last August), and right in the range we've been bouncing around all year. So for everyone still waiting on some big price drop — it's just not showing up in the numbers.
What this tells me is that values here are stable. We're not seeing the rapid run-ups of a few years back, but we're not seeing a slide either. Steady is a good thing, especially if you own here.
Sellers Are Getting Almost Full Price
Here's the stat I'd point every seller to: the sale-to-list price ratio is sitting at 98.6%. That means, on average, sellers are getting within about a percent and a half of their asking price when a deal closes.
That's a strong number, and it's actually up a touch from last year. The takeaway is simple — homes that are priced right are still getting very close to full price. The gap between what sellers want and what buyers will pay is small right now.
What this means for sellers
Price it right from day one and you're in great shape. Overprice it and you'll be the home that sits while the well-priced listing down the street closes near full ask. Pricing strategy matters more than ever.
Still a Healthy, Balanced Market
The absorption rate — how many months it would take to sell through all the current inventory at today's pace — is at 4.63 months, just a hair above last year's 4.53. That keeps us in that healthy, roughly balanced zone. Not a runaway seller's market, not a buyer's market, but a fair middle ground.
Homes are averaging about 68 days on market, which is right in line with last year. So the pace hasn't really changed — buyers have time to think, inspect, and make a smart decision without the 24-hour bidding-war pressure we saw in 2021 and 2022.
More Choices for Buyers, Fewer Sales Overall
There were 1,333 active listings heading into September — up about 6% from a year ago. More inventory means buyers genuinely have options right now, which hasn't always been the case around here.
At the same time, closings have cooled. 223 homes sold in August, down about 24% from the same time last year. Buyer demand has softened compared to a year ago, even while the homes that do sell are still landing near full price. That's the clearest signal in the whole report: fewer buyers are pulling the trigger, but the ones who do are paying fair value for the right homes.
The Bottom Line
Greater St. George heading into September is stable and balanced. Prices are holding, inventory is up so buyers have more to choose from, and sellers who price well are still getting very close to full asking. The pace has cooled from the frenzy years, but this is a healthy market on both sides.
Whether you're looking to buy, sell, or just want to know what your home is worth in today's market, I'm always happy to run your specific numbers.
Questions About Your Situation?
Buying, selling, or just curious what your home is worth right now? Reach out anytime — I'm happy to walk through the numbers with you.