Hi, Chase Ames with the Ames Team Realty here to give you your real estate market update for the month of May 2025, covering what happened in April throughout Washington County and the greater St. George area. Let’s dive in!
Summary
📈 Steady Sales Growth: Closed sales rose slightly to 393 in April 2025 from 387 in April 2024 (a ~2% increase).
🏡 Luxury Market Slowdown: Homes priced $1M–$2M dropped 23% in sales, and $2M–$3M homes saw a 78% drop.
⏳ Pending Listings Dip: New pending listings fell to 415 from 444 last April (~6.5% decrease), but year-to-date pendings are still up by about 1%.
📊 Inventory Surge: Active listings increased by roughly 37%—up to 1,772 from 1,295 last year.
🆕 Consistent Listing Activity: New listings in April rose to 609 (a 3% year-over-year increase), and overall new listings are up 16% year-to-date.
📣 Market Momentum: While things have cooled slightly compared to last year’s record pace, overall activity remains strong, especially outside the ultra-luxury segment.
🤝 Your Next Move: If you’re on the fence about buying or selling, now may still be a smart time to make your move. Most clients wish they had acted sooner, not later.
Sales Overview
In April 2025, there were 393 closed home sales in Washington County—just above the 387 we saw in April of last year. That’s about a 2% increase, showing that the market remains healthy and active.
Luxury Market Breakdown
While overall sales are up slightly, the luxury segment did experience some cooling:
- $1M–$2M homes: 40 sales this April vs. 52 last year (a 23% drop)
- $2M–$3M homes: Just 2 homes sold this April compared to 9 last year (a 78% decrease)
These shifts suggest a more cautious approach among high-end buyers recently.
Pending Listings & New Listings
Pending listings—homes that went under contract in April—were at 415, down from 444 last year. While this represents about a 6.5% dip, it’s worth noting that April 2024 was exceptionally active. By comparison, this April was still solid, and year-to-date, pending listings are actually up by about 1%.
As for new listings, April brought 609 homes to the market, slightly up from 589 last year (a 3% increase). For the year so far, new listings are up 16%, showing steady seller confidence and ongoing movement in the market.
Inventory Levels
Active inventory continues to climb. There are now 1,772 homes on the market in Washington County—up from 1,295 this time last year, marking a 37% increase. This rise isn’t because homes aren’t selling—it’s due to an influx of new listings entering the market.
What It Means for You
We’ve said it before and we’ll say it again: real estate doesn’t follow a perfect trend line—especially since 2020. From COVID to economic shifts, the unexpected has become the norm. What we do know is this: if you’re thinking about making a move, waiting might not be the best option.
Most of our clients tell us they wish they’d made their move sooner, not later. Whether you’re buying or selling, the best time is often when the thought first crosses your mind.
Conclusion
If you’re looking to explore your options in the southern Utah market, the Ames Team is here to help you navigate it with confidence. Whether it’s time to sell, buy, or simply get a clearer picture of your home’s value, we’re ready when you are.
Let’s connect soon!