Interesting trends in the Real Estate Market in the Cedar City area.  Six weeks ago I did a market analysis about days on market changes.  It was interesting to note the changes.  This morning I updated my market research, it was really telling. 

Dates:

Average Days on Market

Median Days on Market

9/1/2007-9/27/2008

154

132

10/31/2007-10/31/2008

104

96

This is really interesting that it would drop that much in a relatively short time. With the credit crunch, I would have thought that this would have increased.  I am sure the bargains found in some forclosure and short sale homes have greatly influenced the Days on Market in the Iron County Board of Realtors.  

This month I decided that I needed to get more data, so I also calculated the average sales price vs. the average list price.  I was a little surprized that board wide homes are selling at 94% of the listing price.  That was a great surprize with all the media telling us how desparate homeowners are to sell.  I would have thought that the numbers would have been worse.

Maybe the market here isn't as bad as it has been made out to be.  I will try to keep up with this information as the market adjusts and moves forward.

If you're looking to buy or sell real estate in South Davis County, Utah; please give us a call.  We would love to earn your business!

 
This post has been included in Utah Real Estate News Iron County, UT Real Estate News Cedar City, UT Real Estate News
Post is included in group: Diary of a Realtor
Post is included in group: ERA Nationwide
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1 Comments on Interesting Market Data Cedar City Real Estate

NOV
05
2008
960,241 Points 21 Featured Posts Outside Blog

WOW! That is a considerable change! Keep up the good work and thanks for keeping us posted!

your friend in Charlottesville!
7:11am • #1

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Tony & Darcy Cannon

Tony & Darcy Cannon - The C Team

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