Roy home prices rise as sales fall in June

Homes for sale Roy Utah hit the very bottomed in June, but prices were up slightly, according to the latest report published by WFR multiple listings services.  On the record it shows that sales last month was the worst for Real Estate in Roy by registering 50.88 down turn in sales. The lowest ever sales that the area had been experience.

A total of 28 new and resale houses, townhouses and condos in Roy area were sold last month, down 30 percent from May and dipped tremendously by 50.88 percent over the June sales the year ago. June marked the fourth month of home sales decrease this year and the second straight month following the 18.37 percent in May in a year-over-year levels.

Prices were nearly identical of what it was in May only move up by 0.73 percent from May and 1.62 percent from the same month the year ago.  When June ended median home paid price for all new and resale Roy Real Estate houses and condos was at $157,400. That was below 10.06 percent compared to Real Estate in Roy median peak in September 2007, but higher than its lowest median price in February of this year by 4.42 percent from $150,450

Home inventories were kept on increasing every month in the area. In fact, last month home inventories of 329 properties were the most since last year. For homes sold last month it took 46 days in the market to be purchased. It shows that homes sold last month were moving slower than in May, but much better compared with the year ago.