We've just taken a close look at the latest set of statistics for the Iron County real estate market (for May), published by the Utah Association of REALTORS®, and thought we should share some of the good news it contains with you.

Median and average sales prices have risen …

Yesterday, the average 30 year fixed rate fell to just 3.73%, while the 15-year fixed-rate average dropped to 3.16!

This is the seventh week out of the last nine where rates have fallen.

Just a year ago, the 30 year average was 4.55% and the 15 year …

Last week 30 year fixed mortgage rates dipped below an average of 4% and we are currently seeing the lowest rates since the beginning of 2018.

The highest average 30 year fixed rate last year was 4.87% in November, so there has been a considerable reduction since then.

If …

Last month saw an average interest rate of 4.14% on 30 year fixed rate mortgages. This was the lowest figure since the beginning of last year!

Even though this is extremely encouraging news, what's often underappreciated is just how competitive mortgage rates have actually been for some time …

The latest Iron County real estate market statistics, for March, demonstrate a fantastic start to the spring home selling season in our region.

Published by the Utah Association of REALTORS®, the figures bring great news to sellers.

Closed sales were up by 5.4% on March 2018 and average sales …

With what can only be described as perfect timing, 30 year fixed mortgage interest rates took the biggest single week drop for a decade last week!

With the busy spring home selling season only just under way, this is music to the ears of buyers, who will now be highly …

Is the market turning?

Is now the best time to sell?

Do I gamble with the equity in my home?

Or sell while the market's strong?

Today's changing real estate market poses many important questions, but do you even know the current value of your home?

Knowing …

We've been taking a close look at the latest statistics released by the Utah Association of REALTORS® for our Iron County market.

In recent blogs we've been talking about a noticeable trend toward a buyer's market, however these latest figures provide a very mixed message in that …

In our last blog, we looked at the strong evidence that suggests our Iron County Real Estate Market is transitioning to classic buyer's market conditions.

While the basic rules for selling your home never change, it is important to understand buyers' motivations in these new conditions.

Clearly price is …

We wanted to inform you of what could be a significant incoming change in our Iron County Real Estate market.

For some years now, we have been enjoying a seller's market, whereby prices have continually risen and there is high demand for homes.

Although prices are continuing to climb …