Buyers in Roy push new home sales to increase 10 percent

Home buyers across Roy, Utah area were active during last month leading to the highest home sales that the area had reached since November 2009. That was due to the federal first-time home buyer tax credit that runs out on April 30. Roy Utah Real Estate recorded its second straight home sales gain in monthly basis by 4 percent following the three consecutive months of home sales depreciation. In the year-over-year basis home sales were up at the end of April compared with the same month of last year, from 45 units sold to the last month 50 units. According to the April data issued by WFR multiple listings services.

A steady growth so far for Roy Utah home sales market in this year. One other good news for the housing market in Roy was the soaring of both the median and average home sales price in monthly and yearly comparison. At the end of April there was a total of 280 active Roy Utah homes in the market for sale and 47 pending sales, and homes sold last month were spending fewer days in the market at 51 days than with a year before that took an average of 96 days on the market.

But we will see if the recovery of Real Estate in Roy Utah will continue in the remaining months of the year. Recovery of the market can be determine later this spring and summer season, the time that tax credit are no longer a factor.