October 2025 Real Estate Market Report for Southern Utah

Click here to see:  #UtDreamHomes October 2025 Real Estate Market Report for St. George Real Estate by Dave Diegelman

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Feel The Fall!

We all love it when the temperatures into the 70's & 80's in Southern Utah. It's a spectacular time of year for both residents and visitors alike. This year with a later-than-usual monsoon season we even have the pleasure of seeing some fall wildflowers. If you are headed to visit Zion National Park, you might be in for some swelling crowds as many come from all over the world to experience our cooler and most colorful season. 

As a Realtor, I love showing properties in the Fall because let's face it, stepping out of a car with clients during the heat of summer is rarely inspiring. With that said, our inventory has reached a new milestone breaking through the 2,400 barrier, yet we see that most pricing is holding close to what the comps are for the past 6 months. While we prepare for the possibility of price reductions across the board, you will see that the data has not backed that up...yet. In this months Newsworthy section I've included some very insightful links detailing the strength and direction of our market. I think you'll be surprised!

Interest rates have ticked down slightly this past month, which is always welcome news for buyers and sellers alike. However, in Southern Utah—where roughly 40% of all closings are cash transactions—these rate changes don’t necessarily dictate the direction of our market. What they do influence, in my humble opinion, is consumer sentiment. Even a modest in rates can boost confidence, encourage more activity, and create a sense of renewed optimism among both buyers and sellers.

As of the end of September 2025, there were 391 sold listings, compared to 431 at the close of October 2024—a 9.3% decrease in closings year over year. The absorption rate for September finished at 5.69 months of inventory, up from 5.12 months last October—a roughly 10% increase, which aligns with the inventory buildup we’ve seen over the past ten months. Meanwhile, average days on market rose to 84.2 days, compared to 61 days during the same period last year.

While these numbers might suggest a softening market, Southern Utah continues to show surprising resilience. My gut tells me much of the slowdown in absorption and extended market times stems less from a lack of demand and more from lackluster property presentation and overpricing at the initial listing stage—issues that are often fixable with the right strategy and marketing. Of course the overall volumne has slowed down slightly as we see in the numbers but we do still have a challenge with seller's pricing as if it were 2022... and it's not!

Buyers —  you still have a unique advantage right now, with inventory continuing to rise and a healthy selection of homes on the market. Our list-to-sale price ratio has dipped slightly to 95%, down from 96.1%. While that may not seem like a big change, it signals that sellers are more open to negotiating—whether on price, terms, or contingencies. Historically, the next few months—November through January—are among the best times to buy real estate in Southern Utah. Demand typically slows during the holiday season, and motivated sellers often become more flexible, creating great opportunities for buyers ready to make their move.

Sellers — it’s time to get your game face on! Competition is fierce, and in today’s market, weak marketing simply won’t cut it. We recently listed a home that received an accepted offer on the very first day—proof that well-priced, well-presented homes still move quickly. Prices aren’t collapsing, but success depends heavily on accurate pricing from the start. On average, homes are selling at about 95% of list price when priced realistically. Those who listen to their professional Realtor’s guidance are seeing solid results, but it’s worth noting that nearly 40% of homes currently fail to sell within their listing period. The average time on market has climbed past 84 days, underscoring the need for smart strategy, sharp pricing, and strong presentation.

CLICK HERE TO SEE MARKETING SAMPLES If you are considering your options, we have an excellent online evaluation tool called HOMEBOT that you may use without obligation FOR FREE. Click Here to Set Up Homebot and best of all it only takes about 3 minutes for you to set up!

Newsworthy: (click on headline links for the full article)

Why Let the Builder Take the Construction Loan?
Building your dream home is exciting — and complicated. One strategy that many buyers use to simplify financing and limit their risk is to have the builder take out the construction loan, then close the project with a take-out (permanent) mortgage in the buyer’s name. When structured well, this approach can give buyers control over design, protect them from construction delays, and keep them from being stuck paying for cost overruns during building. In this article I’ll explain how it works, the core advantages, the risks to watch, and practical contract and financing protections you should insist upon.

NFIP by the Numbers: The Economic Ripple Effect of a Lapse 
NFIP provides $1.3 trillion in flood insurance to 4.7 million policyholders in 23,000 communities across the country. A lapse in NFIP authority puts an estimated 1,400 transactions a day at risk of moving forward without vital flood coverage and protection from the most common and costly natural disaster in the U.S.

Neighborhoods with the Widest Price Range in Greater St. George Southern Utah’s real estate market has always been diverse, but some neighborhoods stand out because the range from entry-level to luxury, is especially broad. If you’re looking for choice—not just in style but in cost—these four areas offer something for almost every buyer: first-time buyers, move-ups, retirees, and luxury seekers alike. This article also shares a link that explores a detailed year-over-year for one of the specific neighborhoods; Bloomington Hills. It's quite an eye opener on where our market is currently with specific neighborhood data.

Why Winter is the Secret Season for Southern Utah Homebuyers When most people think of buying a home, they picture spring—flowers blooming, for-sale signs sprouting up, and plenty of listings to choose from. But for savvy Southern Utah buyers, November through January might just be the best time of year to make a move. While the rest of the market slows down, opportunity quietly opens up. Here’s why winter is considered the “secret season” for homebuyers across Greater St. George, Washington, and Ivins.

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