October 2021 Real Estate Market Statistics
Statistics for residential properties in the Greater St George area
ST GEORGE AREA
DAYS ON MARKET
Information from FLEXMLS October 2021 Market Summary Report
AVERAGE SOLD PRICE
SOLD TO LIST RATIO
AVERAGE LIST PRICE
WHAT DOES THIS MEAN?
October 2021 absorption rate was 1.52 months compared to April 2021 at .6 months. This means if nothing new came on the market, it would take approximately 1.5 months to sell all of the active home listings in the St George area.
Even though we are in a strong seller’s market, we are seeing a slight increase in housing inventory which boosted the average days on the market to 24 compared to 17 in April.
Despite changes happening in the world, the St George market is still very busy with an average sales price at 30% higher than last October 2020.
With low-interest rates, it is a great time to buy, sell, or invest in a home.
If you are curious about what your home value is, please click below for a FREE home evaluation.