Ogden Valley Real Estate Outlook – October 2021
Has The Craziness Ended?
Or has it just slowed down? Only time will tell, but we’ve certainly seen values decrease during Q3 2021. Looking back over the last year, we’ve seen sharp increases in values and sharp declines in inventory. Values dropped 14% last quarter although inventory still remains low.
You’ll find the market stats/details 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||3rd Quarter 2021||Change vs. 2nd Quarter 2021||3rd Quarter 2020||Last 12 Months Change|
|Available Inventory||24 (1.1 month)||-20%||78 (3.8 mos)||-69%|
|Avg.Days on Market||30||26%||34||-63%|
|Median Sold Price||$760,800||-14%||$637,400||35%|
This report is developed quarterly and is based on information from Wasatch Front Regional MLS for the period stated above.