October 2021 Real Estate Market Statistics

Statistics for residential properties in the Greater St George area

Market Summary Download - Click Here

ST GEORGE AREA

$563K

24

DAYS ON MARKET

367

NEW LISTINGS

1.52 Mo

ABSORPTION RATE

529

ACTIVE LISTINGS

248

HOMES SOLD

357

PENDING LISTINGS

Information from FLEXMLS October 2021 Market Summary Report

AVERAGE SOLD PRICE

98%

SOLD TO LIST RATIO

$776K

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.