Ogden Valley Real Estate Outlook – January 2022
Still a Frenzy
After a brief market slowdown in the third quarter of 2021, the “Faster and Higher” trend picked back up for the final quarter of 2021. Houses are selling faster and at higher prices. Demand is still very high, and supply is still very low. These factors have led to the results you can see below.
Many of our clients have decided to cash in on the recent growth (vs. following it down to a losing proposition with the next market shift). Is now the time for you to do the same? Call us to discuss.
See What Your Neighbor’s House Sold For: www.UtahSoldHomePrices.com
|Single Family||4th Quarter 2021||Change vs. 3rd Quarter 2021||4th Quarter 2020||Last 12 Months Change|
|Available Inventory||10 (3 weeks)||-58%||35 (1 month)||-71%|
|Avg.Days on Market||27||-10%||50||-65%|
|Median Sold Price||$919,900||21%||$737,600||30%|
This report is developed quarterly and is based on information from Wasatch Front Regional MLS for the period stated above.