New statewide figures from the Utah Association of Realtors show an uptick in home sales and signed contracts in September, the most recent figures available. Housing inventory in the area also fell, another indication that homes are selling.
And a new report from Fiserv and Moody’s Analytics predicts home prices in the St. George area will rise by 7.9 percent in the second quarter of 2012 over the same period in 2011. According to the same report, St. George will outperform the country: While U.S. prices are forecasted to fall 3.6 percent by next summer, St. George prices are expected to rise nearly 8 percent during the same period. The report, based in part on data from the Federal Housing Finance Agency, shows home prices in Washington County, which includes St. George, peaked in the fourth quarter of 2006 and then fell about 41 percent through the second quarter of 2011. The current median price of a home in St. George is about $150,000. Salt Lake Tribune
