We've taken a look at the latest Iron County real estate stats (for December) and thought we'd highlight three specific areas that demonstrate why it's such a great time to sell.
Median Sales Price Up By Over 51%
This stat demonstrates the phenomenal increase in sold prices during the past year. Our area is experiencing unprecedented growth and attracting newcomers from elsewhere. Low inventory and high demand continue to produce phenomenal returns for sellers.
Median List Price Up By Almost 42%
Asking prices are a product of where sold prices are at, so it should be no surprise that they have grown pretty much in line.
It's Taking Less Time To Sell A Home Here
We've seen an over 6% year-on-year drop in average days on market until a home has sold, meaning that most sellers are moving on to the next phase of their lives faster than before.
We'll continue to keep you regularly updated with key statistics as the year unfolds.
Please don't hesitate to contact us at 435-327-2090 if you'd like to discuss the fantastic selling opportunities our market is continually presenting.
