Welcome to this month’s St. George, Utah real estate market report, presented by the Jackie Ruden Realty Team, the experts for all things real estate in St. George.
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St. George Utah Housing Stats
At the end of July 2021, the average sale price for single-family homes in St. George, Utah, was $558,915, a year-to-year increase in price of 36.88% from $403,318.
For the year the average sale price for single-family homes in St. George is at $513,145, an increase of 35.33% from $379,183 at this time last year.
The average listing price for single-family homes at the end of last month was $884,625, an increase of 66.45% compared to this time one year ago.
Average listings price for single-family homes in St. George is also higher than one year ago, up 34.5% from $444,233 to $597,480.
A total of 470 properties were sold during July, representing a year-to-year drop of 33.7%. The number of properties sold this year so far is slightly ahead of this time last year, up 2% from 3,419 to 3,489.
There were 513 single-family homes that went under contract during July, a drop of 29% compared to the previous July. Compared to this time one year, the number of units that have gone under contract is down 5.7% from 3,890 to 3,670.
In St. George, there were 680 new listings that were offered on the market, a year-to-year increase of 2.9%. Year to year inventory levels have fallen, new listings are down 21% for the year so far from 6,007 to 4,733 at the end of July 2021.
At the end of July, there were 702 active listings in the St. George real estate market, down 38.2% compared to this time one year ago. This brings St. George real estate inventory to 1.2 months of supply available. Inventory levels have climbed month to month for the last three months, up from less than one month in may to 1.2 months of inventory available at the end of July 2021.
Sellers of single-family homes in St. George were on average receiving 101% of their list price for their home at closing. List to sale price ratios peaked at the end of May 2021, and have dropped over the last three months.
In St George, homes were on the market for an average of 16 days in July before being sold. Average days on the market for homes before being has dropped over the last three months from a little over 20 days during May.
What Does This Mean For Buyers In St George Utah?
While inventory levels have increased slightly month to month buyers are still faced with two challenges: limited inventory, in most markets; and a competitive market.
Buyers who have financing in place and act decisively are winning bids for homes. The positive side has been a slight cooling of prices for homes which is good news for buyers. Will have to wait and see if this trend continues for the remainder of the summer buying season.
Give us a call at the Jackie Ruden Realty Team at to find out how we list and actively market your home to the most qualified of buyers. Let’s get started today!
What Does This Mean For Sellers In St George Utah?
While there has been a month-to-month slowdown in buying activity, St. George is still in a seller’s market. While sales prices for homes held steady month to month, prices are up year to year.
While there is some hesitancy inactivity due to new covid developments, demand for homes is still continuing. Sellers should expect this trend to remain for the remainder of the summer.
For all your real estate questions, give the Jackie Ruden Realty Team a call today at ! Let us put our experience and knowledge to work for you to buy or sell a home in beautiful St. George, Utah!
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 $558,915 or less.
Entrada Homes For Sale
