The latest numbers from the National Association of Realtors show some interesting trends in seller concessions when buying St George and Washington county real estate. Yes concessions are a viable option for sellers to get their home sold and for buyers to ease the pain of higher interest rates!
A Win/Win situation!
Only 24% of sellers nationwide offered a concession in 2024, down from 33% in 2023. Why is that you may be asking. Buyer demand and lack of housing inventory arer a big factor for those statistics. I can’t wait to see what 2025 has to offer! Both pending home sales and existing-home sales jumped in November and there are more homes on the market compared to a year ago. I’m expecting a small drop in interest rates too, so 2025 should be a great year for sellers and buyers when it comes to concessions in our St George and Washington county real estate market.
Keep a close eye on our red hot St George real estate market right here! Or take a look at the our Washington County real estate market trends by clicking on the link.
Put my team of dedicated experts to work for you. You will be working directly with me or my broker, Joe. Our Prefered lender is the absolute best in town and ready to give you the level of competency and service. St George Utah real estate is competitive and you want the best team available. Give me a call and let us show you how we are able to help make your real estate sale or purchase a successful experience. We have over 100 years of combined St George real estate experience at your fingertips!
