Interesting Market Data Cedar City Real Estate
By Tony & Darcy Cannon, The C Team
(Aubrey and Associates Realty)
Interesting trends in the Real Estate Market in the Cedar City area. Six weeks ago I did a market analysis about days on market changes. It was interesting to note the changes. This morning I updated my market research, it was really telling. Dates: Average Days on Market Median Days on Market 9/1/2007-9/27/2008 154 132 10/31/2007-10/31/2008 104 96 This is really interesting that it would drop that much in a relatively short time. With the credit crunch, I would have thought that this would have increased. I am sure the bargains found in some forclosure and short sale homes have greatly influenced the Days on Market in the Iron County Board of Realtors. This month I decided that I needed to get more data, so I also calculated the average sales price vs. the average list price. I...
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