St. George housing market still considered overvalued

St. George housing market still considered overvalued


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ST. GEORGE -- St. George's housing market continues to be overvalued. According the Spectrum, the median home is still overvalued by 25 percent at $197,000.

That makes St. George the sixth highest overvalued housing market in the country.

St. George has been one of Utah's hardest hit markets by the recession, and experts say they don't expect its housing market to stabilize until next year.

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