[quote=sdrealtor]Just found this in my daily real estate reading. Prices appear to be cratering and that’s without an inventory build up
Washington County, UT (St. George, fastest growing county per capita in US during pandemic): June Inventory, 1,175; Current Inventory, 1,203; Peak inventory from 7/2016 through current, 1,878 in 3/2019, pre-Covid average inventory, around 1,600
June Median Asking: $749,500; Current Median Asking: $685,000, peaked in March at $795,450[/quote]
Still too early to tell. Current inventory is below pre-Covid average and asking prices are just meaningless. Not until we get closed prices that clearly show a trend will you have a cratering.
