Home Sales edge for Ogden, but median price down in a year-over-year level

Ogden Utah home sales eked out modestly in May compared with the year earlier and over the month of April. The median sales price fell below the year ago level for the second consecutive month as the government housing programs intended to help and support the housing market have expired together with the higher share of Real Estate Ogden Utah foreclosure properties in total sales.

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 services 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 Ogden Utah Real Estate 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 attributed to the delay in closings of home buyers until May 1, especially those purchasing a new homes. Housing market experts are still in a worry about the outcome of the housing market in the coming months as they said a fall will be experienced again. That will be cause by the increasing numbers of foreclosure properties and the decrease of job opportunities.