Short Sales inventory down 66.89 percent in Weber County last month

A total of 343 houses and condos were listed under short sales in April, according to the last month data issued by WFR multiple listings services in Utah. That was dramatically down compared to March that listed 1,036 short sale homes. Percentage of total Short Sales in Weber County is similarly the same with March, 14.98 percent of the total 2,290 active homes last month were short sales.

The decline of short sale properties in the market shows a better market is up ahead for Weber County area in the coming months. The number of short sales are used as a barometer by many housing market analyst to determine the performance of the area’s housing market in the future. Most likely, Weber County foreclosures rate next month will remain low and expect a pretty consistent Weber County foreclosure as well.