Washington County Utah Residential Market Snapshot: August 2022

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Real Estate Agent with Red Rock Real Estate Brokered by Real UT DRE# 6541633-SA00

Washington County Utah Residential Market Snapshot: August 2022

 

Along with cooler Fall weather, the real estate market has started to do the same. Inventory in Southern Utah has increased and that is advantageous to buyers looking to purchase in the local area.

 

A more affordable option when buying in surrounding rural towns, like Cedar City, New Castle, Kanab, Orderville, Central and Enterprise. Purchasing homes in those areas because may fall within a fixed budget. They drive is further to St. George proper but home owner goals can be achieved.

 

 

Average sales price in August 2022 was $615,462. Absorption rate for August 2022 was 3.19 months, higher than August 2021 at 1.33 months of inventory. Average list price was $773,659, lower than $856,513, same time last year.

 

 

Year to date stats: Absorption rate was 1.77. Average list price was $742,985, compared to $611,686 same time as last year. Average sale price was $647,428, compared to $530,211 in 2021. Average DOM was 24 compared to 19 in 2021.

 

 

Together, we can find solutions to your home buying or selling needs. Call me to help because Wanda Can help achieve your goals! 435.632.9374

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I, Wanda Kubat-Nerdin at Red Rock Real Estate Utah am responsible for my opinions expressed in this blog. Information herein is deemed to be reliable but not guaranteed and may change due to market conditions. Please do not take my pictures or artwork and use them as your own, they are my property and copyrighted.

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Wanda Kubat-Nerdin is a southern Utah REALTOR® assisting buyers and sellers in in the St. George area, Dammeron Valley, Diamond Valley, Veyo, Central, Hurricane, Ivins, La Verkin, Leeds, Santa Clara, and Washington real estate markets.
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90 E 100 S, St. George, UT 84770

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Comments (7)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Wanda... the change in absorption rate and average list price is quite astonishing! Hopefully, things will level off soon.

Sep 27, 2022 11:29 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Back when I bought our present home, the best rate was 6.75%…but we did not have to contend with inflation and high costs that are present today. Our rate is 2.25% right now!

Looking forward to a better market for sure Nina Hollander, Broker!

Sep 27, 2022 11:48 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Sep 28, 2022 06:54 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Thanks Roy, am happy to provide information that buyers and sellers can use

Sep 28, 2022 07:15 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Washington County home buyers and sellers are sure to value your real estate market report, Wanda.

Sep 28, 2022 07:41 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

Being in tune to what the local market is doing, presents a clear advantage, Myrl Jeffcoat. Thank you so much for stopping by!

Sep 29, 2022 01:40 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wanda those are very telling statistics and you are inspiring me to do a couple market reports soon:)Endre

Sep 29, 2022 11:11 PM