Market analytics
St George, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
May 2026 · Market Analysis
Fewer closings, more choices: St George buyers hold the cards this May
Get this report emailed every month
✓ You're in — see you next month.
Closed sales in St George fell to 150 in May 2026, down 31% from April's 197 and 24% below the 218 closings recorded in May 2025 — the sharpest year-over-year demand pullback in the past twelve months. That drop didn't come from a lack of listings: 303 new homes entered the market in May, pushing active inventory to 1,024 — a 56% increase from the 657 active listings St George carried a year ago. The result is a market where sellers are competing harder for a smaller pool of buyers, even as the median sale price of homes that did close held near $542,500.
Market pulse
Closed sales in St George have been uneven since the spring started: 206 in March, 197 in April, then 150 in May — a two-month retreat that stands out against the 200-plus pace the market held from May through August 2025. Active inventory has moved in the opposite direction, climbing from 629 homes in December 2025 to 703 in January, 842 in February, 887 in March, 945 in April, and now 1,024 in May — a steady build that has given buyers more options than they've had in over a year. The sale-to-list ratio actually ticked up to 98.6% in May from 97.71% in April, suggesting that the homes which did close were priced competitively from the start; it's the volume, not the pricing discipline on closed deals, that softened. Days on market held relatively steady at a median of 41 days, but a quarter of May's listings took longer than 77 days to close — meaning the upper end of the market is sitting considerably longer than the headline figure suggests.
Mortgage context
The 30-year fixed rate in St George currently sits at 6.625%, down 0.125 percentage points over the past 30 days — a modest improvement that has trimmed monthly payments slightly but hasn't been enough to meaningfully unlock demand. Rates climbed from a six-month low of 6.19% in February to a May monthly average of 6.55%, adding real carrying cost for buyers who were watching the market in late winter. FHA financing at 6.0% and VA loans at 6.125% remain the more accessible entry points for buyers in the under-$400K band, where 42 homes closed in May.
Payment math
At $543,000 — the rounded median sale price in St George this May — a buyer putting 20% down finances $434,000; at today's 6.625% rate, the monthly principal-and-interest payment works out to $2,779, which is actually $36 less than it would have been 30 days ago when the rate stood at 6.75%, but still $124 above the February low of $2,655 when rates averaged 6.19%.
If you're buying
With 1,024 active listings and only 150 closings in May, St George buyers have real negotiating room — focus on homes that have been listed more than 60 days, particularly in the $400K–$700K band where 65 of May's 150 closings involved a prior price reduction. Communities like Desert Color and the Ledges of St George have seen standing inventory accumulate; in those segments, asking for seller-paid rate buydowns or closing cost contributions is a reasonable opening position. If you're considering the SunRiver 55+ community or similar active-adult neighborhoods, note that May's median days on market there ran 39 days — competitive, but not the frenzied pace of a year ago.
If you're selling
May's 98.6% sale-to-list ratio on closed deals tells a specific story: the homes that sold were priced right from day one, while the 93 that closed below list price — out of 150 total — reflect what happens when sellers anchor to last spring's expectations. If your home is in the $400K–$700K range near the St George Townsite or Bloomington Hills, price within 1–2% of what similar homes actually sold for in the past 60 days, not what they were listed at. With 303 new listings entering the market in May alone, buyers have enough alternatives that overpriced homes are simply being skipped.
Outlook
Over the next 60–90 days, St George is likely to see continued inventory growth as new listings keep arriving at the 290–310 per month pace established since February, while closings may remain below the 200-per-month threshold unless rates pull back meaningfully from 6.625%. The retiree migration from California and Las Vegas that typically supports the SunRiver and Entrada at Snow Canyon segments tends to slow in summer heat, which could keep the upper price bands soft through July. Buyers who've been waiting for more options are now in the best position they've been in since mid-2024; sellers who need to move this summer should plan for longer marketing times and price accordingly.
Watch for
At the current pace of new listings running above 300 per month against closings near 150, active inventory could cross 1,200 homes by late August — a level that would likely push the sale-to-list ratio on the broader market below 97% and extend median days on market past 50.
"St George's May split: closings pulled back while inventory and sale prices both climbed — a market recalibrating, not collapsing."
Common questions about St George this month
Is St George a buyer's or seller's market in May 2026? ▾
By most measures, May 2026 tilted toward buyers. Active inventory reached 1,024 homes while only 150 closed — meaning there were roughly 6.8 months of supply at May's sales pace. A balanced market typically sits around 4–5 months, so buyers have more negotiating room than they've had in over a year. That said, well-priced homes still closed at 98.6% of list price, so sellers who price accurately aren't giving the house away.
Why did home sales drop so sharply in May if there are more listings than ever? ▾
The pullback in closings reflects a combination of higher carrying costs and buyer hesitation rather than a shortage of homes. Rates climbed from 6.19% in February to a May average of 6.55%, adding roughly $124 per month to the principal-and-interest payment on a median-priced St George home compared to the February low. With 1,024 active listings to choose from, many buyers are taking more time — or waiting to see if rates ease further — rather than rushing to close.
Are home prices falling in St George? ▾
The median sale price of homes that closed in May was $542,500, up from $495,000 in April and roughly in line with the $545,000 recorded in March. Year over year, that's a 15% increase from May 2025's $472,500 median. However, 65 of the 150 May closings involved a prior price reduction, which suggests list prices are being trimmed to meet buyers — the closed-price figures reflect where deals actually got done, not where sellers started.
How long does it take to sell a home in St George right now? ▾
The median days on market in May was 41 days, nearly identical to April's 38. But that middle number hides a wide spread: a quarter of homes sold in 13 days or fewer, while another quarter took longer than 77 days. Luxury properties at communities like the Ledges of St George and Stone Cliff tend to sit at the longer end; entry-level homes under $400K moved faster, with a median of just 20 days in May.
Should I buy now or wait for rates to drop in St George? ▾
Rates have already edged down 0.125 percentage points over the past 30 days to 6.625%, trimming the monthly payment on a median-priced home by $36. Whether they fall further is uncertain — the monthly average has moved between 6.19% and 6.66% over the past seven months. What is clear is that inventory is at its highest level in over a year, giving buyers more choices and more negotiating leverage than they had in 2025. Buyers who find the right home at the right price today can refinance later if rates drop; waiting for a rate move while inventory builds is a reasonable strategy only if you're not in a time-sensitive situation.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
150 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 39 · 25th percentile 14 · 75th percentile 79
Needed a price change
Sold listings that had a recorded price change before close
67 of 150 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Sun River 8 sold · $406K · 39d
- 2. St George Townsite 4 sold · $513K · 24d
- 3. Las Palmas Resort Condos 4 sold · $419K · 152d
- 4. Moorland Park 3 sold · $1,170K · 58d
- 5. Sienna Park Condos 3 sold · $425K · 34d
May 2026 by property type
How each housing type performed last month — 147 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 150 | 218 | -31.19% | 885 | 983 | -9.97% |
| Median Sale Price | $542,500 | $472,500 | +14.81% | $506,786 | $488,830 | +3.67% |
| Median DOM | 39 | 37 | +5.41% | 50 | 42 | +19.05% |
| Sale-to-List Ratio | 98.58% | 98.03% | +0.56% | 97.95% | 98.04% | -0.09% |
Past months
Browse historical St George reports — each month's snapshot stays at its own permanent URL.
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.