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Washington County's real estate market has shifted to a more balanced position with 4.82 months of inventory, representing a 22% increase from last year, though slight downward pressure on pricing has resulted in only a 2% decrease in average sold prices.

• Median sold price of $520,000 shows minimal change from last year at just 1.7% higher
• Current 30-year fixed mortgage rate at 6.75%, down from 7.26% in January
• Original list price to sold price ratio is 95.9%, indicating sellers are typically getting slightly less than asking
• Days on market varies significantly by price point - homes between $400,000-$500,000 sell fastest at 51 days
• Migration data shows buyers from areas with higher home values (California, Colorado) find Washington County prices reasonable
• Housing market correlation with interest rates appears broken since 2022
• Local economy shows greater diversity than pre-2008 recession when construction was 30% of economy
• Current unemployment rate remains stable at around 3%

Guest Branden DuCharme, CMT,
Find Du Charme Wealth Management here:
https://ducharmewealth.com/contact-us/


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#podcast #southernutah #investing #stgeorgeutah #realestate #435podcast #financialmarket #business #affordablehousing #afforadable

[00:00:00] Intro.
[00:00:48] Washington County Real Estate Overview.
[00:08:33] Market Statistics and Current Trends.
[00:18:32] Breaking Down Price Points and Days on Market.
[00:27:46] The Conflict of Interest in Real Estate.
[00:38:35] Home Value Comparisons Across States.
[00:47:33] Employment Data and Economic Diversity.
[00:57:46] Final Thoughts and Episode Wrap-Up.