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ST. GEORGE, Utah (AP) -- After getting hit hard in the recent economic slump, parts of southern Utah's housing market are showing signs of life.
Sales of existing homes are picking up and so is new home construction, though not as vigorously.
Washington County Board of Realtors CEO Vardell Curtis says that although the area is not out of the woods yet, the trend is going in the right direction.
He says large million-dollar properties are still hard to sell. Houses priced between $180,000 to $200,000 are going the fastest.
Curtis says the recent housing slump was likely a combination of the economic downturn and the number of people who used risky mortgages to buy houses larger than they could afford.
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Information from: The Salt Lake Tribune
(Copyright 2010 by The Associated Press. All Rights Reserved.)
