Halftime Report: St. George Real Estate in 2025

Is the St. George real estate market really slowing down in 2025? The numbers tell a surprisingly different story than what most people believe.

The headline revelation from our mid-year analysis: Washington County has seen exactly the same number of home sales this year as last (within just nine transactions). Yet despite this consistent activity, there's an undeniable feeling of market deceleration among both realtors and homeowners. This disconnect between perception and reality creates both challenges and opportunities.

What's actually happening is a dramatic increase in inventory—nearly 30% more new listings while sales remain flat. This growing imbalance is creating downward pressure on prices, forcing sellers to make difficult decisions about their expectations. From luxury estates selling for $7.45 million to modest park models at $80,000, the market continues to accommodate diverse needs, but with changing dynamics in each segment.

The most revealing statistic? Homes currently take about 76 days to sell on average, but most properties find buyers within 2-3 weeks of hitting their "right" price. This pattern of initial overpricing followed by necessary reductions explains why so many listings show "price cut" notifications online. Smart sellers who price strategically from the beginning are still creating bidding wars and achieving excellent results—we've seen it happen twice in just the past month.

For anyone considering a move, understanding your home's true equity position is essential before making plans. The difference between what you hope your home is worth and its actual market value can dramatically impact your next steps. Contact us for a professional equity assessment report at no cost and with no obligation—just clear, data-driven insights to help you navigate this evolving market.

Have other questions about living in, moving to, or visiting St. George and Southern Utah? Just ask! 

P. 435-291-5443
E. sales@gostgeorge.com
Web: www.GoStGeorge.com
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🌟 Who? Jeremy Larkin was born and raised in St. George, Utah and is the owner of The Larkin Group Real Estate Advisors.

📍 Where? Washington and Iron County, Utah, including, but not limited to St. George, Washington City, Ivins, Santa Clara, Hurricane, LaVerkin, Toquerville, Cedar City and Parowan. 

💈  What?  Jeremy and his team of expert advisors at The Larkin Group walk the best clients in the world through the brain surgery of Buying, Selling and Investing Southern Utah Real Estate! And perhaps more importantly, they LOVE this community and pouring their heart and soul into it!

📻  Tune in! Jeremy is the host of The "St. George Real Estate Morning" Drive radio show 94.9 FM / 890 AM. You can stream the weekly program Thursdays at 8:35 AM here: https://tinyurl.com/radiorealestate   

🙏 Give: The St. George Basket Brigade feeds 200+ families every Thanksgiving and supports local families, students and schools through organizations like Tan's Treats. Learn more and give at http://stgeorgebasketbrigade.org/

🔍  SEARCH ALL HOMES AND LAND in Washington County https://www.gostgeorge.com/
 🔗 CHECK YOUR CURRENT HOME EQUITY @ https://www.gostgeorge.com/homevalue