North Ogden area median and sales spike up in September
Median sales price and home sales in North Ogden Utah area rebounded in October after suffering from a double digit dipped in the previous month, according to the latest data released by WFR multiple listing services. Real estate experts in the area say the outstanding market performance in October is a good sign that recovery is underway.
In October, a total of 18 new and resale single-family homes for sale in North Ogden were sold in the area. The total number of sales last month was ahead 38.39 percent from 11 in August, and registered a higher sales compared to October 2010 with just 12 units sold. In spite of a double-digit gain in year-over-year level for September, still it is far away from its peak of 39 in August 2007.
The median price buyers paid for all single-family homes sold last month was $163,375. That was up 9.72 percent from the prior month and 12.17 percent lower from the same period the year earlier. Last month median of $163,375 was 28.53 percent lower compared to North Ogden Utah real estate median peak which happened on July 2008.
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