Nationwide in the past year the home resales increased by 8% but prices fell about 8.5%. Fargo, North Dakota saw an astounding 23% increase in number of sales. The article points out the North Dakota's unemployment was also one of the lowest in the nation. Indianapolis holds the highest price gain in the nation for the past few months.
The article points out the the recent tax credit has helped with the numbers this year. Some believe that the only way to keep the real estate market up is to try to keep the number of unsold homes down to a minimum.
While there are many theories on what the market needs to completely rebound it is hard to say for sure. Some areas such as St. George have dipped in value slightly but this dip has helped some buyers find a way to buy the homes that are needed. In this area the number of homes on the market keeps going down because people have started purchased again. Our area is very desirable because of the number of jobs, city planning, so many outdoor activities, a family friendly environment, incredible arts offered and more. Our park system and trails alone are attractive to many who enjoy being outdoors all year.
If you would like more information on the St. George area or any surrounding area please contact us! We would be more than happy to get you the information that you need.
