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.