ERA BROKERS CONSOLIDATED MONTHLY MARKET UPDATE

research.erabrokers.com

OFFERED AT $659,9002518 S Monterosa Lane | St. George, UT 8479

19-207127

Washington County | May 2020

Our Investments in Market Research provide insight and commentary on a dozen residential markets throughout Utah and Nevada.

+11.1

April 2019 April 2020 + / - 12 Month Avg + / -New Listings 527 495 -6.1% 524 7%Pending Sales 511 390 -23.7% 408 8%Closed Sales 429 347 -19.1% 391 9%Median Sales Price $305,000 $339,000 11.1% $326,473 7%Average Sales Price $361,202 $394,122 9.1% $366,840 6%List to Sale Price Ratio 97.0% 97.6% 0.6% 97.3% -2.3%Days on Market 61 48 -21.3% 59 3%Inventory of Homes for Sale 1322 1373 3.9% 1246 5%Months Supply of Inventory 3.1 4.0 28.4% 3.3 -6%Single Family Permits 209 129 -38.3% 238 15%Apartment & Condo Permits 0 0 111 1384%

The source of the data for this report is the MLS, Local Association of Realtors and Construction Monitor.

01020304050607080

Apr 19 Jun 19 Aug 19 Oct 19 Dec 19 Feb 20 Apr 20100010501100115012001250130013501400

Apr 19 Jun 19 Aug 19 Oct 19 Dec 19 Feb 20 Apr 20

Year over year price change for the 12 month rolling average.

Inventory of Homes for Sale Days on Market

By Month 12 Month Rolling Average

MARKET REPORT

May 2020WASHINGTON COUNTY

Year-Over-Year

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20

% Change in Median Price

6.7%

Highlights:• Closed sales are down 19.1% compared to last year.• Days on market is down 21.3% compared to last year.• New listings are up 7% over a 12 month average.

By Month 12 Month Rolling Average

By Month 12 Month Rolling Average

-19.1%

Change in Closed Sales

3.9%

Change in Inventory

Change inNew Listings

-6.1%