Ogden Valley Real Estate Outlook – January 2018
Ogden Valley Real Estate Market – Holding and Slowing
Last quarter, despite the deceiving positive statistics, we foreshadowed a slowing market in the valley. That is now reflected in this past quarter’s numbers. Although prices have held (and even show strong year-over-year increases), the time it takes for properties to sell has increased substantially. All of the details are below.
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| Single Family | 4th Quarter 2017 | Change vs. 3rd Quarter 2017 | 4th Quarter 2016 | Last 12 Months Change |
|---|---|---|---|---|
| Available Inventory | 83 (4.7 mos) | -6% | 86 (6.6 mos) | -3% |
| Sold | 31 | -11% | 26 | 11% |
| Avg.Days on Market | 128 | 48% | 90 | 13% |
| Median Sold Price | $454,300 | 1% | $413,000 | 10% |
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This report is developed quarterly and is based on information from Wasatch Front Regional MLS for the period stated above.