June 2020 Real Estate Market Statistics

Statistics for residential properties in the Greater St George area

ST GEORGE AREA

$392K

57

DAYS ON MARKET

364

NEW LISTINGS

2.47

ABSORPTION RATE

793

ACTIVE LISTINGS

413

HOMES SOLD

476

PENDING LISTINGS

Information from FLEXMLS June 2020 Market Summary Report

AVERAGE SOLD PRICE

$556K

AVERAGE LIST PRICE

97.5%

SOLD TO LIST RATIO

WHAT DOES THIS MEAN?

Compared to June 2019, 26% more homes have sold in June 2020 which means that the pandemic has had little to no effect on the St George market. Our absorption rate is 2.47 compared to last year at 3.1, meaning that it would take 2.47 months to sell our current inventory. At 793 active listings, our current inventory is lower compared to 956 last June. Our average sales price increased by 7.89% from June 2019. All of this means that we are currently in a very strong seller’s market.

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:

Tel: 435-680-3061

Email: rachelutahhomes@gmail.com

By appointment:

1173 S 250 W #307

St. George, UT 84770

ALTERNATIVELY YOU CAN FILL IN THE FOLLOWING CONTACT FORM: