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. 

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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. 

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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. 

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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.