Sales and Price down for Ogden in June

In June Ogden Utah Real Estate housing market slows down resulting to almost 15 percent less in sales than a year ago. The tighter mortgage rules that the government had implemented and the end of the government housing aid program are the two factors that pulls down home sales last month.

The 91 Ogden Homes sold last month in the area was down by 23.53 percent from 119 in May, and below 14.95 percent from 107 units sold in the same month a year ago.  The dropped down in sales last month was the third consecutive months in year-over-year basis, and the first in the last four months that sales were down in monthly basis.

Prices fell as well for Real Estate Ogden Utah market in June. Last month home sales price was $115,000, down 6.43 percent from $122,900 in May, and was below by 8 percent from $125,000 in June of last year. The down turn in median last month both in monthly and yearly basis was the result of the home sales decrease especially for luxury homes.

Active Ogden UT homes for sale in the market rose 4.64 percent from 781 housing units to 819 in June. And sold homes during that month were moving in a fast pace that only last in the market for 58 days to get sold. Real Estate experts says that moderation in home sales will continue as the numbers of first time home buyers are decreasing and mortgage rates remain higher.

Ogden Home sales manage to gain 10.98 percent in April

Real Estate in Ogden Utah home sales held its ground until the end of May and slightly moved ahead from April and the year-ago levels. Median homes sold price downshifted for the second straight month in year-ago and monthly levels, a WFR multiple listings services information reported.

Month of May end up with a total of 119 new and resale single family Ogden homes and condos sold. That data reported by WFR multiple listings service was up 10.92 percent from April’s 106 units sold, and had a similar increase over the same month last year at 10.92 percent.

The median sold price for all the houses and condos last month was $122,900, down 1.68 percent from $125,000 in April and fell 5.24 percent from $129,700 way back the last year. It was the Real Estate in Ogden Utah second straight month of median decrease. The median hits the lowest level in October 2006 at $106,500 and with the highest median at $150,708 in March of this year.

The slowdown in sales last month in some point may be accredited to the delay in closings of home buyers until May 1, especially those purchasing new homes. Housing market experts are still in a concern about the condition of the housing market in the coming months as they said a decrease will be experienced again. That will be cause by the increasing numbers of foreclosure properties and the decrease of job opportunities.

Home Sales Drop in Ogden Utah

Ogden Utah Real Estate home sales dropped during the month of February after soaring up high in January. Last month an estimated of 56 new and resale residential homes were sold in Ogden. That January home sales data provided by the WFRMLS shows that home sales in Ogden is still struggling to regain its composure to recover. The total 56 homes sold last month were below by 6.67 percent from 60 homes sold way back a year ago, but went ahead by 19.64 percent from 45 homes sold in December.

Same way with the Ogden UT Real Estate median home sales price that was up by 33.43 percent in January and slightly gone down by 3.08 percent prior to this year. The downshifted of median home sales price last month was the first time will happen again in the last three months, following the eight consecutive months of decline that started in April of 2009.

In the past 30 days there were 796 active home listings in market and 88 went under contract. Last month Ogden Utah homes for sale was the longest the homes stayed in the market to get sold since 2006 that last for 149 days. It was much longer than in the month of January that only takes 92 days as well as the year earlier for just an average of 93 days in the market.

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