July 2020 Real Estate Market Statistics

Statistics for residential properties in the Greater St George area

ST GEORGE AREA

$442K

64

DAYS ON MARKET

409

NEW LISTINGS

1.93

ABSORPTION RATE

633

ACTIVE LISTINGS

417

HOMES SOLD

481

PENDING LISTINGS

Information from FLEXMLS July 2020 Market Summary Report

AVERAGE SOLD PRICE

$553K

AVERAGE LIST PRICE

98.1%

SOLD TO LIST RATIO

WHAT DOES THIS MEAN?

July 2020 absorption rate is only 1.93 compared to last year at 3.05. This means that our inventory of homes is quite low which indicates a strong seller’s market.  If nothing new came on the market, it would take less than two months to sell all the homes currently for sale. 

 

On average, homes are selling at 98.1% of their list price.  With our low inventory, this could be due to buyers being willing to pay more or listings being priced more accurately.

 

In July, homes sold after an average of 64 days on the market. However, many homes have multiple offers and are under contract within just a few days.  

 

The St George market is still as hot as ever, despite changes happening in the world right now.

 

With interest rates being extremely low, it is a great time to buy, sell, or invest in a home.

 

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All of this affects home values in the area, including yours. If you are curious about what your new home value is, click below for a FREE home evaluation.

TO CONTACT US ABOUT BUYING

OR SELLING A PROPERTY

PLEASE CALL, TEXT, OR EMAIL US:

By appointment:

1173 S 250 W #307

St. George, UT 84770

ALTERNATIVELY, YOU CAN FILL IN THE FOLLOWING CONTACT FORM: