🏠 St. George Real Estate Market Report – This Month 2026

Inventory Continues to Expand

The absorption rate measured 5.63 months, essentially unchanged from 5.65 months in July 2025. Absorption rate estimates how long it would take for the current supply of homes to sell at the present sales pace. A level near six months typically suggests a market moving closer to balance rather than strongly favoring one side of the transaction.

Home Prices Remain Resilient

Pricing remains one of the stronger signals in the July data. The active market tells a similar story. The median list price was $568,000, slightly below the $570,000 recorded in July 2025, while the average active list price rose 1.92% to $799,738.

Closed Sales Continue to Increase

Buyer activity remained steady in July. A total of 463 homes sold during the month, compared with 455 in July 2025, an increase of 1.8%.

Where Buyers Are Most Active

The $500,000 to $749,999 range remained the largest sales segment in July, with 168 closed transactions. That was up 12% from 150 sales in the same price range one year earlier.

Luxury Activity Remains Strong

Year-to-date sales between $1 million and $1.99 million increased 15.9%, with 262 properties sold compared with 226 during the same period in 2025.

Active Listings by Price Range

The increase in active inventory creates different conditions across price points.

Homes Are Moving at a Steady Pace

Homes spent an average of 72 cumulative days on market in July, compared with 73 days last year. The median cumulative days on market declined more noticeably, falling from 46 days to 42.

Pending Sales Show a Mixed Picture

There were 453 pending listings during July, down 8.9% from 497 in July 2025. Through July, 3,462 properties have gone pending, compared with 3,282 during the same period in 2025, an increase of 5.5%.

What This Means for Buyers

For buyers, the current St. George market offers something difficult to find in some recent housing cycles: more choice without a major collapse in market activity. Well-priced homes in desirable locations can still attract strong interest, particularly in active price ranges. Buyers should remain financially prepared and ready to act when the right opportunity appears.

What This Means for Sellers

Sellers are still operating in a market with stable prices and steady transaction volume, but strategy is becoming increasingly important.

With active inventory up 5.5% from last year, buyers have more homes to choose from. Pricing too aggressively can cause a listing to sit while better-positioned properties move ahead.