Welcome to this month’s St. George, Utah, real estate market report presented to you by the Jackie Ruden Realty Team. Are you considering buying or selling a home soon and want to know if we are in a buyer or seller’s market? Read this helpful report to find out!
Do you need to buy a home in St. George soon? Start your search here by finding properties by price, size, location, and more! Once you find properties that meet your needs, be sure to save your favorites, then, sign up to be notified as soon as new, matching listings become available. Give us a call today and we’ll help you get started!
Are you ready to sell your home but not sure what to price it for? Start here by using our free home valuation tool to get an idea of your property’s worth. Simply answer a few questions about your home and we will provide you a competitive market summary of your home’s selling potential.
St. George Utah Housing Stats
The average sale price for single-family residential homes in St George ended February at $480,389, an increase of 25% from $359,165 at the end of the previous February.
There were a total of 436 listings sold in St George last month, a 14.4% increase from the previous February total of 381 listings sold.
A total of 558 new listings hit the market during February, a decline of 23% compared to last February. Inventory levels have fallen to less than one month of single-family housing supply available to buyers.
The number of total active listings also represents a decline in inventory levels. Active listings for single-family homes during February in St George declined 74.3% compared to this time last year. The total year-to-date number of active listings is down 45.7% so far this year.
Homes listed for sale in St George are on the market for an average of 27 days before being sold. The average number of days on the market fell sharply from 40 days in January as buyers became more active.
Sellers are benefiting from increased buying activity as the list to sale price ratio increased during February, climbing to 99.5% of the original list price received, up from 99% during January.
What Does This Mean For Buyers In St George Utah?
If you are looking to buy a home in St George, Utah soon here is what to expect: fewer homes available and rising prices.
Buyers should have their housing requirements clearly defined and be prepared to act when a property is found. Buyers should work with their agent to stand out among other buyers to get their offer noticed.
Give Jackie Ruden Realty Team a call today at (435) 272-7710 to get started! and we can help you find the perfect home here in lovely St George, Utah.
What Does This Mean For Sellers In St George Utah?
Currently, St George is in a sellers market, list to sale price ratios are increasing, list prices are going up, and buyer activity is picking up as interest rates remain low, fueling buyer purchasing power.
Single-family homeowners who may have been waiting to see how the new year develops should go ahead and get their property listed today.
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!
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 $480,389 or less.
Entrada Homes For Sale