Are you thinking about moving to St George Utah and want to know about the latest housing market report or update? Welcome to our latest housing market report for St George Utah! Today, we dive into the current real estate landscape, offering insights into key trends and pricing dynamics shaping the local market.
Firstly, let's talk about inventory. Over the past year, we've seen a stable trend with slight fluctuations typical for the seasons. As of May 2024, the number of active listings has shown a modest increase, reflecting ongoing market activity. Sold listings have also seen a slight uptick, indicating a healthy level of transactions.
Pricing trends are another crucial aspect. The average selling price has shown a steady rise, from $598,000 in May 2023 to $668,000 in May 2024, demonstrating continued demand in the area. Median selling prices have remained consistent, providing a balanced perspective on market valuation.
When it comes to buyer behavior, our data reveals interesting insights. The sell-to-list price ratio has seen minimal change, with homes typically selling close to their asking prices. Days on market have decreased significantly, from 41 days in May 2023 to just 28 days currently, underscoring a competitive market environment favoring sellers.
The local market's resilience can be attributed to factors like protected lands preserving natural beauty and property values. Additionally, ongoing new construction projects contribute to inventory levels and offer incentives like interest rate buy-downs, further stimulating market activity.
If you’re thinking about moving to St George Utah be sure to give me a call, shoot me a text, send me an email, or schedule a Zoom call. I’d love to help you make a smooth move to St George Utah!
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00:00 - Intro to Housing Market Report In St George Utah: Real Estate Update & Pricing Trends
00:54 - The inventory in St George Utah
02:35 - Pricing Trends in St George Utah
05:24 - Days On Market in St George Utah
06:00 - Months of Inventory in St George Utah
07:20 - How The Market Report moves in St George UT
10:01 - Wrap up on Housing Market Report In St George Utah: Real Estate Update & Pricing Trends
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24 июл 2024
