Market Updates

June 3, 2025

Understanding Today’s Mortgage Rates in Southern Utah: Is 3% Coming Back?

As we continue to navigate today’s housing market, many buyers in Southern Utah are holding out hope that mortgage rates will fall back to the historic 3% rates we saw just a few years ago. However, it’s important to understand that those ultra-low rates were never meant to last. They …

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May 27, 2025

What’s Ahead for Southern Utah’s Housing Market? Here’s What the Experts Say

Between rising home prices and fluctuating mortgage rates, a lot of folks in Southern Utah are asking the same question: Is now really a good time to move?

The truth is, there’s no one-size-fits-all answer — but if you’re looking for clarity, the best place to start is with …

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May 22, 2025

Is Southern Utah’s Housing Market Heading for a Crash? Here’s What the Data Really Says

If you’ve heard that more homes are hitting the market lately, you’re not alone. Inventory across the country — and here in Southern Utah — has been ticking up. And for some people, that raises red flags and memories of 2008. But let’s set the record straight: this is not …

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April 3, 2025

Washington County Real Estate Market Update – March 2025

The Washington County housing market continues to evolve, showing signs of both strength and shifting dynamics as we head further into 2025. Here's a breakdown of the key trends from March:

🔺 Prices on the Rise

  • Median List Price climbed to $519,995, up from $499,900 …

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Nov. 12, 2024

Top Reasons Homeowners Are Choosing to Sell Now Despite Higher Rates

Over the past few years, many homeowners have delayed selling their homes, reluctant to give up their low mortgage rates in exchange for today’s higher rates on a new property. If you’re feeling the same hesitation, you’re not alone—this is a common reason for the low …

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Oct. 1, 2024

Washington County Market Pulse - September 2024

In September 2024, Washington County's real estate market is experiencing a mixed but largely positive outlook. Although sales have dropped sharply, the rise in under-contract listings, quicker sales times, and higher prices per square foot suggest continued demand. The market is becoming more balanced with increased inventory, and the drop …

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Sept. 19, 2024

Mortgage Rates Reach Lowest Point in More Than 18 Months

Mortgage rates have recently dropped to their lowest point in over a year and a half, which is great news if you’ve been waiting on the sidelines to buy a home.

Even a slight decrease in rates can significantly lower your monthly payment, and the recent drop has been …

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Sept. 3, 2024

Washington County Market Pulse - August 2024

 

As we dive into the 2024 real estate market in Washington County, Utah, notable shifts are shaping the landscape for both buyers and sellers. While the number of homes hitting the market and closing sales have slightly decreased, property values continue to rise, with the median sales price …

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Aug. 1, 2024

Will Home Prices Decrease?

Today’s news about home prices can be confusing, making it difficult to understand what’s really going on. Some reports suggest home prices are headed for a correction, but what does that really mean? To clarify, let's start by understanding what a correction involves.

Danielle Hale, Chief Economist at Realtor.com,

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July 2, 2024

Real Estate Remains the Top Long-Term Investment Choice

Amidst the numerous headlines about home prices and mortgage rates, you might be wondering whether it still makes sense to buy a home or if it's better to keep renting. Here’s some information to help ease your mind by demonstrating that investing in a home remains a strong decision.

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