The highest sales downturn in more than a year happened in July

Ogden, Utah – According to the latest report published by WFRMLS, home sales in Ogden went down over June, and suffered its lowest sales output in a year level since February 2009.  Last month home sales logged an estimated 67 sold units that includes new and resale houses and condos. That number was below 26.27% from 91 in May, and depreciated 36.19 percent from 105 in July 2009. Real Estate in Ogden Utah lowest July’s sales output was July of this year and registered its highest sales in 2007 at 175 units.

During that month almost 17 percent of total sales were foreclosure properties (foreclosed properties on or during the past year). That was the highest foreclosure contribution so far, in July 2009 it was 8.27 percent, and lowest contribution at 10.98 percent in October 2009.

The median home sales price last month was $128,000, up 10.61 percent from $115,000 in June, and up 6.25 percent from $120,000 in July 2009. The year -over-year increase for Ogden Utah Real Estate was the first time in almost four months after being down in the months of April, May and June. So far, the lowest median registered was in January 2009 at $98,200, while the highest median happened in July 2008 at $136,000.

When the month of July comes to end, a total of 896 active Ogden Utah homes for sale were listed in the market and 62 went under contract. Under contract saw no changes, it still remains the same from the month prior to July.  Meanwhile, inventories of active homes increase from 880 In June.