St George Utah Real Estate Information

First Quarter Real Estate Statistics in Washington County

Posted at 3:11 PM, Apr. 10, 2008

First quarter 2008 sales of real estate in Washington County were down considerably from the previous 2 years. According to records from the Washington County MLS, January saw a total of 159 sales compared with 325 in 2007 and 362 in 2006. February was a little better with 188 properties sold compared with 294 properties sold in February 2007 and 344 properties sold in 2006. Sales started to pick up in March, as they generally do, and finished up with 226 sales total compared with 407 in 2007 and 434 in 2006.

What has really changed in the past 3 months is the amount of inventory on the market. In January we had 39.25 months worth of inventory, in March the figure dropped to 34.31 months of inventory and at the end of March there were 28.15 months of inventory on the market.

We are definitely seeing an increase in our market as the number of buyers and investors take advantage of some of the “great deals” we have on the market due to the numerous “short sales” and foreclosed properties.

If you have always dreamed of buying when the prices are low and then being able to sell when the prices are high—now is the time to make that purchase. It probably won’t get any better than this! Lower prices, low interest rates, and lots of inventory to choose from!

Call us today for a list of “great deals”!

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