Southern Utah Market Statistics for September 2008
St George Sales Statistics
Here are the Southern Utah real estate market statistics. This report will show a year over year comparison. Unfortunately, St George Utah is in line with the national average, reflecting a slight home sale decline for September 2008. Spiked interest rates, coupled with the flood of short sales and foreclosures, in the face of a timid economy do not make for stellar home sale statistics. On the bright side, the St George Utah real estate market is not as bad as some markets. In fact, the "sale" line has remained rather steady over the past year and a half. Ironically, although we did experience a decline in sales from last month, we were actually a bit higher when compared to September 2007. What has increased, is the inventory. Great for buyers...not so great for sellers having to compete with foreclosure prices. Take a look at these graphs, showing a year to year comparison with 2007 and 2008. The first graph reflects the sold analysis, while the second graph gives the active property comparison. Both graphs are only for the greater St George, residential home sales. Keep in mind, October numbers are only half in. Not all MLS reporting agencies will report actual numbers until the end of the month..jpg)
Views: 538
Be the First to Comment on this Post!.