Welcome to this month’s St. George, Utah real estate market report, presented to you by the Jackie Ruden Realty Team. If you are ready to buy or sell a home in St. George, Utah, make the Jackie Ruden Realty Team your first call. Going in to October listing prices for homes were higher, however, inventory levels continue to increase month to month, to find out more, read this helpful report.
If you are ready to buy a home in St. George, Utah, begin your search here to find homes by price, size, location, and more! Be sure to save all your favorite homes you want to tour, then, sign up to be notified as soon as new listings become available so you don’t miss out on the perfect home.
Are you thinking of selling your home but not sure in this market if you are offering it at the right price? Take advantage of our free home valuation tool to find out what your property is worth so it can be priced correctly. Enter the basic information required about your home and then we will provide a detailed market summary with a suggested listing price for your home.
Give the Jackie Ruden Realty Team a call today at (435) 272-7710 so they can go to work helping you buy or sell a home in St. George, Utah.
St. George Utah Housing Stats
The average sale price for single family residential homes in St. George, Utah, at the end of October 2021 was $525,792, a year to year increase of 25.76%. For the year so far, single family home prices are 32.48% ahead of where they were this time last year, up from $388,166 to $514,255.
The average list price for single family residential homes in St. George at the end of October was $825,981, a year to year increase of 19.30%. List prices for single family homes for the year are up 31.12% from $452,591 at the end of October 2020 to $593,454 at the end of October 2021.
There were 448 single family homes sold in St. George in October, this is 21.7% lower than the previous October number of homes sold. For the year so far there have 4,979 single family properties sold, 7.9% lower than the 5,404 sold at this time one year ago.
A total of 503 listings went under pending contract status, this is down 19.9% compared to October of 2020. There have been 5,185 homes go under contract so far for 2021, this is a year to year drop of 11.5% from 5,856.
A total 553 new listings were offered to the market in St. George, new listing activity is also down year to year by 12.1%. New listing activity for the year is only slightly below last year’s pace, down 5.6% from 6,551 to 6,187 at the end of October 2021.
There were 907 active listings in St. George at the end of October 2021, total active listings are up 26.9% from one year ago. For the year there has been a total of 6,681 active listings in the St. George real estate market, total active listings are down 15.3% compared to this time last year.
There is approximately 1.7 months of inventory available to buyers, inventory levels have been increasing each month since the end of April 2021. Homes are on the market for an average of 23 days before being sold, and sellers are getting 98.1% of their listing price at closing.
What Does This Mean For Buyers In St George Utah?
If you are looking for a single family home to buy in St. George, Utah, there are two indicators that are up, listing prices and inventory. There has been a slowdown in buying activity as sellers list to closing price ratio has dropped from a high 102% at the end of March 2021 to just 98% at the end of October 2021, indicating less competition for homes.
Buyers should be aware that time is not on their side with respect to prices, as prices climb, buyer purchasing power erodes. Buyer should be ready to act swiftly when a property is found so as to not lose out. For help with buying a home here in St. George, Utah, give us a call at the Jackie Ruden Realty Team, get started today!
What Does This Mean For Sellers In St George Utah?
Sellers of single family homes in St. George, Utah, can continue to expect seller’s market, however, some price markets have slowed. Demand for homes has slowed somewhat, and inventory levels are beginning to climb. While competition for homes is still brisk, sellers list to sale price ratio has dropped 2% over the last two months from 100% to 98% of list price received at closing. While there may be a sharper slowdown in the future, sellers can expect these trends to continue.
If you are thinking of selling your property give us a call today and we can show you how we properly price your home, market its best features, and show it qualified buyers to sell it as quickly as possible. Let the Jack Ruden Realy Team go to work for you!
If you are interested in buying or selling a home, take advantage of the knowledge and tools we provide on this site. As a buyer educate yourself as much as possible with the articles on the right-hand side of this page, and if you are considering selling your home take advantage of our free home valuation tool. Give the Jackie Ruden Realty Team a call today and we will put our expertise to work for you!
See Additional Reports on the St. George Real Estate Market
St. George Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for St. George. All homes here are priced at $525,792 or less.
Entrada Homes For Sale
