Published June 9, 2025
Home Sellers Outnumber Buyers by 500,000 - What Does that Mean for St. George?
DESCRIPTION:
The real estate game has completely changed in Southern Utah, and if you're thinking of buying or selling in St. George, Hurricane, or Washington County, this episode is a must-listen.
What We Cover: • The New Market Reality - Why there are 500,000 more sellers than buyers nationwide and what it means for St. George
• Utah's Price Drop Trend - We're #3 in the nation for price reductions (22% of listings!), but is this good or bad news?
• Washington County's Tale of Two Markets - Homes under $500k selling in 4 months vs. luxury homes sitting for nearly a year
• The Mortgage Payment Shock - How payments doubled to $3,200+ and why your neighbor's 2.5% rate is keeping them stuck
• Buyer Power is Back - Why sellers are now paying $15k+ in concessions and how to navigate this shift
• The "Two-Home Tango" - Selling and buying simultaneously in today's tricky market
• Pricing for Success - Why 2021 prices are history and how to price competitively in 2025
Whether you're a first-time buyer finally seeing opportunity or a seller wondering if now's the right time to move, we break down the local market dynamics that matter most to Southern Utah families.
Perfect for: St. George area buyers, sellers, and anyone curious about where our local market is headed.
P. 435-291-5443
Web: www.GoStGeorge.com
Insta: https://www.instagram.com/larkingroup
FB: https://www.facebook.com/StGeorgeExperts
🌟 Who? Jeremy Larkin was born and raised in St. George, Utah and is the owner of The Larkin Group Real Estate Advisors.
📍 Where? Washington and Iron County, Utah, including, but not limited to St. George, Washington City, Ivins, Santa Clara, Hurricane, LaVerkin, Toquerville, Cedar City and Parowan.
💈 What? Jeremy and his team of expert advisors at The Larkin Group walk the best clients in the world through the brain surgery of Buying, Selling and Investing Southern Utah Real Estate! And perhaps more importantly, they LOVE this community and pouring their heart and soul into it!
📻 Tune in! Jeremy is the host of The "St. George Real Estate Morning" Drive radio show 94.9 FM / 890 AM. You can stream the weekly program Thursdays at 8:35 AM here: https://tinyurl.com/radiorealestate
🙏 Give: The St. George Basket Brigade feeds 200+ families every Thanksgiving and supports local families, students and schools through organizations like Tan's Treats. Learn more and give at http://stgeorgebasketbrigade.org/
🔍 SEARCH ALL HOMES AND LAND in Washington County https://www.gostgeorge.com/
🔗 CHECK YOUR CURRENT HOME EQUITY @ https://www.gostgeorge.com/homevalue
[00:00:00] Intro.
[00:04:17] How Interest Rates Changed Affordability.
[00:10:00] Buyers Outnumbered by Sellers.
[00:15:02] The Mortgage Payment Reality Check.
[00:16:54] The Two-Home Tango Explained.
[00:21:47] Pricing Strategy for Today's Market.
