Economic Update Southern Utah Pre-Q1 2018

Accurity Valuation – Morley and McConkie has released their Economic Update Southern Utah Pre-Q1 2018. This issue covers a quick economic overview of Southern Utah, Nevada, and a Market Conditions Report for home owners.

In Utah as a whole, a home that sold for $100,000 during Q3 of 2007 would have sold for $117,500 during Q3 of 2017 up 16.1% from the market peak.

But in the St. George, UT market a home that sold for $100,000 during Q3 of 2007 would have sold for $92,100 during Q3 of 2017, down 8.2% from the market peak.

While some homes have increased in value over the past ten years, the market in southern Utah as a while hasn’t gotten back to the pre-recession highs. But an inventory shortage throughout the region may continue to exert upward pressure on home prices.

Read the report to learn more >  Economic Update Southern Utah Pre-Q1 2018.