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MORE STATS & AREA NEWS
Number of Active, Sold Listings vs Inventory

Robert Shiller, Yale Economist, American Housing Index from 1890



CURRENT THREE MOST IMPORTANT WORDS IN REAL ESTATE TODAY!
 

If you said "Location, location, location" you are using past terms.   Today it is:   "Price, price, price."

Buyers are looking at and buying "bargains."  They are very price conscious.......probably more so than they have been for many years....possible since the 80's.  If you have your home for sale today and you are not ready to consider and worth the harsh realities of our current market, you might consider taking your home off the market and listing it later when the economy is better and prices are on the increase again.

It is true that more homes were sold in April in the Greater St George, UT area  - 188 compared with 147 last month and 150 in April of 2008.   Homes that are selling present value to the buyer.....great price and great potential that its value will increase in time.  Our local home market seems to be "coming back."   More lots were sold last month than in recent previous months.   (See our present home inventory).  However, our "recession" is not over yet and many are predicting it may get worse.

It may be time to face the harsh reality of the economy and if your home isn't selling and you really don't have to sell it -
take it off the market for now.   If you have a good reasons to sell:  smaller home, larger home, moving out of area,
or your lowered income and/or foreclosure, do face the facts and find an agent who will price your home competitively,
market it effectively, and help you move on.  

Your home needs to be the
(1) best priced, (2) in the best condition, (3) in a desirable location and (4) easy to show to attract the right buyers.  We have a real estate market with still a large supply of homes + plus the best interest rates and incentives we have had in a long time.....so that is the good news.  Sellers who have an attractive home and is realistically priced will find a buyer

 


 

                 
           
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