The June 2026 market report reflects residential activity from May and provides a clear look at pricing, inventory, buyer activity, and overall market pace across the St. George residential real estate market. May’s numbers show a market that remains active, but with more inventory, fewer closed sales, and continued strength in pricing compared to the same time last year.
While buyer demand has not disappeared, the market is showing more balance than it has during tighter inventory cycles. Sellers still have opportunities, especially when homes are priced and presented well, but buyers are benefiting from more choices and slightly improved negotiating conditions in certain price ranges.
St. George Utah Single-Family Homes
The median sale price for residential properties in May reached $520,000, up 4.0% from $500,000 in May 2025. The average sale price increased even more sharply, rising 8.26% year over year to $631,696. Year to date, the median sale price is also up 3.0%, while the average sale price has increased 5.32%.
These price gains suggest that values remain firm despite a slower pace of closed sales. Higher-end activity also appears to be contributing to the rise in average sale price, especially with stronger year-over-year movement in several upper price brackets.
A total of 428 residential listings sold in May, down from 501 sales in May 2025. That represents a 14.6% decrease in closed sales for the month. However, year-to-date sales are nearly flat, with 2,180 sales in 2026 compared to 2,174 during the same period last year. This shows that while May itself was slower than last year, the broader year-to-date market has remained steady.
Pending listings tell a more encouraging story for current buyer activity. There were 537 pending listings in May, up 10.7% from 485 in May 2025. Year-to-date, pending listings are up 9.1%. This increase suggests that buyer activity is still present and may support future closed sales, even though May’s completed transactions were lower than last year.
Inventory and New Listings
Inventory increased notably in May. There were 2,641 active residential listings, compared to 2,361 active listings in May 2025. That marks an 11.9% year-over-year increase. Year-to-date, active listings are up 6.8%.
This increase in inventory gives buyers more options and helps ease some of the pressure that comes with a tighter market. The absorption rate, which measures how many months it would take to sell the current inventory at the existing sales pace, rose to 5.92 months. That is up 6.47% from 5.56 months last May.
A market with six months of inventory is generally more balanced than a low-inventory seller’s market. This does not mean buyers have unlimited leverage, but it does mean the market is less compressed than it would be with only two or three months of supply.
New listings, however, were down for the month. There were 758 new listings in May, down 10.8% from 850 in May 2025. Year-to-date, new listings are still slightly ahead of last year, up 2.1%.
This combination is important. Active inventory is higher, but new listings for the month were lower. That suggests homes may be staying available longer in some segments, giving the market more supply even without a major surge in new properties entering the market during May.
Pricing Trends
The median list price for active listings was $581,000 in May, down 1.86% from $592,000 last year. Year-to-date, the median active list price is also down 1.79%.
At the same time, the average list price for active listings rose 1.61% year over year to $810,912. This difference between median and average list pricing points to continued activity in the upper end of the market. The slightly lower median list price suggests greater balance in the middle of the market, while the higher average list price indicates that more expensive listings continue to influence overall pricing.
Sale prices moved in the opposite direction from median list prices. The median sale price increased 4.0%, and the average sale price increased 8.26%. This shows that buyers are still willing to pay for the right homes, especially those that are well-positioned, well-maintained, and aligned with current expectations.
Days on Market
Homes sold faster in May than they did one year ago. The average cumulative days on market was 70 days, down from 77 days in May 2025. The median cumulative days on market was 41 days, down slightly from 42 days last year.
This improvement is notable because inventory has increased. Typically, rising inventory can lead to longer marketing times, but May’s numbers show that homes that successfully closed were moving a little faster than last year.
Year to date, however, the average cumulative days on market is 85 days, up from 78 days in 2025. The median is also higher year to date, rising to 51 days compared to 43 days last year. This suggests that while May itself showed improved movement, the broader year has still required more patience from sellers.
Sold Listings by Price Range
The largest share of May’s closed sales occurred in the $500,000 to $749,999 range, with 142 sales. This price bracket remains one of the most active segments of the residential market.
Sales in the $750,000 to $999,999 range increased year over year, with 49 sales in May, up from 41 last year. The $2 million to $2.99 million range also saw a notable increase, with 8 sales compared to 3 last May.
Several mid-range brackets saw fewer sales than last year, including the $350,000 to $399,999, $400,000 to $449,999, and $500,000 to $749,999 ranges. This suggests that while the market remains active, some buyers in more traditional price points may be moving more selectively.
Year to date, the market remains very close to last year’s pace in total closed sales. The slight 0.3% year-to-date increase indicates stability, despite month-to-month fluctuations.
Pending Listings by Price Range
Pending activity improved across several important price ranges. The $500,000 to $749,999 range once again led the market with 165 pending listings in May. The $350,000 to $399,999 range also showed strong activity, with 68 pending listings, up from 49 last year.
The $750,000 to $999,999 range had 56 pending listings, up from 54 last May. Year to date, this segment is up 23.8%, showing continued demand in the upper-middle portion of the market.
The $1 million to $1.99 million range had 40 pending listings, slightly below last May’s 41, but year-to-date, this bracket is up 15.1%. This indicates that higher-end buyer activity remains healthy overall, even if May was relatively flat in that specific segment.
Overall, pending listings increased by 10.7% for the month and by 9.1% year-to-date. That is one of the stronger signs in this report and suggests that buyer interest remains active heading into the summer market.
Active Listings by Price Range
Active inventory rose to 2,641 listings in May. The $500,000 to $749,999 price range had the largest share of available homes, with 748 active listings. The $750,000 to $999,999 range had 378 active listings, while the $1 million to $1.99 million range had 361.
Several price brackets saw significant year-over-year increases in available inventory. Active listings in the $1 million to $1.99 million range were up 25.8%. The $400,000 to $449,999 range increased 29.8%, and the $350,000 to $399,999 range increased 15.2%.
This increase in available homes gives buyers more selection, especially in the mid-to-upper price ranges. For sellers, it also means competition is more noticeable. Homes need to be priced with care and marketed effectively to stand out among similar options.
What Does This Mean For Buyers In St George Utah?
Buyers have more room to navigate the market than they did when inventory was tighter. With active listings up 11.9% year over year and the absorption rate near six months, there is more selection and less pressure in some segments.
That does not mean buyers can assume every seller is highly negotiable. Median sale prices are still up, average sale prices are up even more, and pending listings are higher than last year. Demand remains strong, especially for homes that are well-priced and show well.
The biggest advantage for buyers right now is choice. More active inventory allows buyers to compare homes more carefully, evaluate value by price range, and avoid feeling rushed into a decision simply because there are too few options.
Buyers should still be prepared before entering the market. Strong financing, a clear budget, and a realistic understanding of current pricing will help create better opportunities. In popular price ranges, desirable homes may still move quickly, especially if they are updated, well-located, and priced in line with recent sales.
For buyers who were previously discouraged by limited inventory, May’s market offers a more approachable environment. There may be more room for thoughtful negotiation, but the strongest homes are still earning attention.
What Does This Mean For Sellers?
Sellers are still operating in a healthy market, but strategy matters more now than it did in a tighter inventory environment. Prices are up year over year, and homes that sold in May moved faster than they did last year. That is encouraging for sellers who are properly positioned.
At the same time, active inventory has increased. Buyers have more alternatives, which means they are more likely to compare condition, price, location, and overall value before making an offer. Overpricing can lead to longer market time, especially with year-to-date days on market running higher than last year.
The strongest seller opportunities are likely to come from accurate pricing, polished presentation, and a clear marketing strategy. Homes that enter the market at the right price are more likely to capture buyer attention early, when interest is typically strongest.
Sellers should also pay close attention to their specific price range. Some segments are seeing stronger pending activity, while others are moving more slowly. A pricing strategy should not be based only on the overall market; it should reflect the competition and buyer behavior within that home’s specific category.
For sellers who have owned for several years, current values remain strong. The increase in median and average sale prices indicates that the market continues to deliver solid outcomes, particularly when expectations align with today’s conditions.
Conclusion
The St. George residential market is entering summer with more inventory, steady year-to-date activity, and continued price growth. Buyers have more options than they did during tighter inventory cycles, while sellers still have strong opportunities when their homes are priced, prepared, and marketed well.
If you are thinking about buying or selling in St. George, now is a smart time to get a personalized look at what these numbers mean for your specific situation. Contact me today to review your goals, explore your options, and create a real estate strategy tailored to the current market.
St. George Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for St. George. All homes here are priced at $581,000 or less.