October 2014 Market Report

  • 9 years ago

Oct Washington County Market Report_Page_1

 

The October Market was similar to previous months in 2014. The 6 month rolling average, (the grey line) is something that is easy to understand. This figure has continued to decline fairly consistently. It has been a gradual descent but a consistent descent non the less. The monthly figures are a little more dramatic, but the 6 month rolling average gives a more clear picture, (in my opinion). From September to October 14 in the St George Real Estate market, things jumped up over 10%. This is a recovery from the August to September drop of about the same amount.

 

There are pockets and price points that seem to be doing better than others. Houses priced under $150,000 that are fairly nice are selling very quickly. Homes that are priced under $200,000 in the St George Real Estate market are also moving very quickly.  There was a slight drop in the median sales price, and over a 12% increase in inventory. Supply and demand are alive and well in the real estate industry. If there are more homes the competition among sellers creates price reductions.

October 2014 Market Report

Oct Washington County Market Report_Page_1

 

The October Market was similar to previous months in 2014. The 6 month rolling average, (the grey line) is something that is easy to understand. This figure has continued to decline fairly consistently. It has been a gradual descent but a consistent descent non the less. The monthly figures are a little more dramatic, but the 6 month rolling average gives a more clear picture, (in my opinion). From September to October 14 in the St George Real Estate market, things jumped up over 10%. This is a recovery from the August to September drop of about the same amount.

 

There are pockets and price points that seem to be doing better than others. Houses priced under $150,000 that are fairly nice are selling very quickly. Homes that are priced under $200,000 in the St George Real Estate market are also moving very quickly.  There was a slight drop in the median sales price, and over a 12% increase in inventory. Supply and demand are alive and well in the real estate industry. If there are more homes the competition among sellers creates price reductions.

Join The Discussion

Compare listings

Compare