News

July 18, 2023

Market Synopsis

Market Synopsis

 

Right now our Iron County real estate market could best be described as flat.

Homes are selling quite well, certainly, but market conditions are such that we don't expect to see much of an increase in activity for the rest of this year.

A significant drop in mortgage ...

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June 12, 2023

Key Current Trends in the Iron County Real Estate Market

Key Current Trends in the Iron County Real Estate Market

The main highlight of our local real estate market right now is that it is somewhat flat overall.

As the above Absorption Rate chart shows, there has been quite a recent jump in the amount of homes on the market.

Of course some of this is seasonal, given that more ...

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April 3, 2023

Iron County Real Estate Market - First Quarter Review

Iron County Real Estate Market - First Quarter Review

The first quarter of 2023 has seen a modest but encouraging reversal of recent negative trends in Iron County.

The above graph demonstrates that the number of sales have begun to climb again, following the downward trend over the past year. This is partially explained by the recent lower mortgage ...

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Jan. 27, 2023

2023 - Experience Matters, ONLY When it's Most Needed

2023 - Experience Matters, ONLY When it's Most Needed

Iron County real estate has started 2023 in much the same shape as at the end of last year with a more challenging market than the one we have been used to for the past few years.

Crucially, however, the market has corrected rather than collapsed and there's no ...

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Sept. 1, 2022

What's Happening in Our Real Estate Market as We Head into Fall?

What's Happening in Our Real Estate Market as We Head into Fall?What's Happening in Our Real Estate Market as We Head into Fall?

What's Happening in Our Real Estate Market as We Head into Fall?

Numbers don't lie. As the above graphs show, inventory of available homes for sale is building in Iron County and prices are correcting.

While many would-be sellers are "holding out", the reality is that the tidal wave of home sales crested earlier this year and that tide is now ...

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Aug. 9, 2022

Current Trends in the Southern Utah Real Estate Market

  Current Trends in the Southern Utah Real Estate Market

The above graph, courtesy of Southern Utah Title Company, shows the home sales performance of the Southern Utah real estate market so far in 2022, compared with the whole of 2021.

As can easily be seen, the number of homes sold a month has lagged behind the 2021 totals for ...

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July 18, 2022

Today’s Real Estate Market: “Price War & A Beauty Contest” - Mike Ferry

Today’s Real Estate Market: “Price War & A Beauty Contest” - Mike Ferry

We are now beginning to see some of the nationally publicized negative effects of the current real estate market in our area.

As our above graphic shows, absorption rate for June shows a dramatic increase, compared with June 2021, in terms of the amount of home supply in the market ...

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June 29, 2022

Succeeding in a Changing Real Estate Market - Price and Condition are Key!

Succeeding in a Changing Real Estate Market - Price and Condition are Key!

Succeeding in a Changing Real Estate Market - Price and Condition are Key!

Succeeding in a Changing Real Estate Market - Price and Condition are Key!

The current pressures on the real estate market are all over the news.

Rising inflation and mortgage rates are rapidly changing what buyers can actually afford and today's home seller has to face some new realities.

The astonishing price growth that sellers were enjoying not so long ago has ...

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June 15, 2022

Picking a Winning Strategy in a Real Estate Market That's Full of Contradictions

Picking a Winning Strategy in a Real Estate Market That's Full of Contradictions

Following real estate news developments nationally can be a disconcerting experience for many right now.

Just this week, we've seen mortgage rates break the 6% barrier for a 30-year home loan, and continuing to rise from there! Home buyers are also having to cope with price inflation and, very ...

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May 17, 2022

Where Is The Market Headed?

Where Is The Market Headed?

 

You are probably already aware that mortgage rates have been ascending for most of this year and are now above 5%, on average, for a 30-year loan.

This is a situation we have been tracking in our email communications with you for some time and now we are seeing ...

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