Welcome to this month’s St. George, Utah real estate market report, presented to you by The Jackie Ruden Realty Team. We are your go-to expert for all things real estate in St. George.

Are you curious about how the housing market in St. George, Utah has performed over the last month? The Covid-19 pandemic has slowed sales, but real estate buying and selling is still happening, and we are here to make sure your home buying or selling experience is safe.

Are you a buyer thinking of buying a home soon? You can search and take virtual tours of properties using our free search tool to find properties that match your criteria. Make sure to save your searches and sign up to be notified as soon as matching properties become available.

Are you planning to sell your home and are curious what your home might sell for? You can get an idea of your home’s worth by using our free home valuation tool! It is simple to use, enter some basic information about your home, and we will provide you with an estimate of its current market value. Give us a call today and we can show you we list and sell homes safely and quickly in today’s market.

St. George Utah Housing Stats

While the Covid-19 pandemic has slowed what is typically the beginning of the summer buying season, prices have inched upward, while inventory is trending lower.

The average sale price for single family homes in St. George, Utah, ended the month of May at $384,593, up 7.51% from one year ago.

During May 2020, there were 438 homes sold. The majority of homes (72), were sold in the $250-299,000 price range. There were 58 homes sold in the $350-399,000 price range, and 55 were sold in the $500-799,000 pricing market. The activity in the $350,000 and higher-priced homes pushed overall averages higher.

A total of 625 homes went under contract during May 2020. An increase of 19.3% compared to this time last year. The $300-399,000 price range had the most activity with 93 units go pending. The $250-299,000 market and the $500-749,000 home market also saw heavy activity with each having 89 homes placed under contract during May.

A total of 573 new listings became available in May, a decrease from 704 when compared to one year ago. The $500-749,000 market was the most active with 86 new listings offered on the market. The $250-299,000 price range had the next highest with 72, and the $300-349,000 saw the next most number of new listings with 70.

Average listing prices ended the month at $522,889, up 8.12% from $483,601 one year ago.

What Does This Mean For Buyers In St George Utah?

For buyers wanting to buy a home in St. George, Utah, in the next few months can anticipate higher prices in most markets, and minimal inventory. Buyers can take advantage of the increase in virtual tours available to view homes, and save time searching for a property.

Interest rates continue to be attractive, and for buyers to stay ahead of the competition, need to have financing in place and be ready to act when the perfect home is found.

Give us a call at The Jackie Ruden Realty Team today and we can show you how we help buyers into a new home, safely, and comfortably during the Covid-19 social distancing requirements.

What Does This Mean For Sellers In St George Utah?

Sellers in St. George, Utah, should exercise patience during these uncertain times. Buyers are still buying homes, and only 3.5 months of inventory available make this a seller’s market.

Sellers considering selling should take this time now to get a home valuation from The Jackie Ruden Realty Team. Then give us a call to discuss pricing your home competitively and showing it to the most qualified buyers.

We work closely with sellers to make sure homes are safe and show off the best features! Give us a call to get started 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!

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 median sale price range for St. George. All homes here are priced at $384,593 or less.


Entrada Homes For Sale


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Summary
St George Utah Real Estate Market Report - May2020
Article Name
St George Utah Real Estate Market Report - May2020
Description
While the Covid-19 pandemic has slowed what is typically the beginning of the summer buying season, prices have inched upward, while inventory is trending lower. The average sale price for single family homes in St. George, Utah, ended the month of May at $384,593, up 7.51% from one year ago.
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Jackie Ruden Realty Team
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