Ogden Valley Real Estate Outlook – January 2016
Interesting (to say the least)
Why “Interesting”? Historically, the 4th quarter is the slowest in our Valley. However, compared to the 3rd quarter of 2015, the number of sales rose over 50% while at the same time prices barely move at all. The time it took for houses to sell also increased. Year-over-year numbers show a very similar pattern. With the potential of interest rates rising in 2016, it will again be “interesting” to see how this impacts our Valley’s market.
See What Your Neighbor’s House Sold For: www.UtahSoldHomePrices.com
Featured Valley Listing: Click the photo for details, more photos, aerial video and walking tour video
|Single Family||4th Quarter 2015||Change vs. 3rd Quarter 2015||4th Quarter 2014||Last 12 Months Change|
|Available Inventory||86 (6.6 mos)||-23%||96 (6.7 mos)||-10%|
|Avg.Days on Market||148||195%||173||-10%|
|Median Sold Price||$404,700||-1%||$323,500||0%|
This report is developed quarterly and is based on information from Wasatch Front Regional MLS for the period stated above.