📊 Market Activity
299 homes closed in September → up nearly 10% from the same time last year.
336 pending sales → up 3.5% year-over-year and up 5% year-to-date.
Buyer activity remains solid heading into fall.
🏡 Inventory & Listings
1,850+ active listings → up 25% from last year and a new record high.
Inventory growth is giving buyers more options while signaling a more balanced market.
💲 Prices
Median sold price: $505,000 → down about $16,000 from last year.
Prices are slightly softer, but homes priced right are still moving.
⏱️ Days on Market & Supply
Median days on market: 56 (vs. 33 last year).
About 5 months of supply (vs. just over 4 months last year).
Homes are taking longer to sell → strategic pricing and strong marketing are key.
🤝 Negotiation Power
Buyers have more leverage with increased inventory.
Sellers are negotiating more, but demand remains steady for well-presented homes.
✅ Bottom Line
The Southern Utah market is healthy, active, and shifting toward balance.
Sales and pending contracts are both up year-over-year, showing solid demand.
With more homes on the market, maximum exposure and accurate pricing make all the difference.
