St. George Utah Area Residential Market in a Minute - July 2017
As summer continues to sizzle, homes continue to go under contract at a quick pace. This week in southern Utah, you will find people returning from vacations, families readying for another school year plus an abundant amount of potential home buyers are out in the marketplace.
Stats for all of Washington County and Outside Areas:
Absorption Rate - 3.31
Average List Price - $478,079
Average Sale Price - 300,587
Average DOM - 64
Sold Listings - 402
Pending Listings - 406
Active Listings - 1334
New Listings - 505
Less days on market in July meant homes were in good condition, priced to sell and a serious buyer crossed the threshold. Both parties were able to come to terms, meeting every deadline for a successful close. Everyone in my office is prepping for the next busy season of real estate. Are you ready for fall, ya'll?!