Weber County Home Prices Keep Dropping

Prices for Ogden Utah Real Estate keep going down. The average list price dropped more than $4,000 over the last month from $217,915 to $213,767. The median list price dropped by almost $3,000 and is now down to $156,950. Just two and a half years ago the median list price of Weber County Homes was 30% higher than it is now.

While list prices continue to plummet, average sales prices of Weber Real Estate have actually risen over the last few months. In December, the average sales price was $176,549. This is up 3.67% from the average sales price in November, and up by more than 5% from the average price a year ago. This is largely result of high numbers of high end homes that have sold, bringing the averages up; real estate values in Weber County aren’t actually rising. The December median sales price of $148,925 was down from last month, and almost even with December sales of 2009.

December home sales were on par with November, but were down 6.74% annually from sales in December of 2009.

January home sales are expected to be down from December, but up compared with January of 2010. There are currently 220 residential homes on the MLS that are under contract.

Real Estate inventory is down from December, and at its lowest point in a long time, but still higher than Inventory levels one year ago. Weber county currently has 2,102 residential listings for sale.…