2012 in Review - The Ogden Valley housing market:

 

There are currently 129 homes in the Ogden Valley listed for sale on the Multiple Listing Service. At the present absorption rate, the majority of these homes could be sold by the end of this year, providing they are properly priced. With this low level of inventory, prices could potentially rise. By contrast, there were approximately 400 homes listed for sale in the last year, many of which were taken off the market unsold. This could mean we're trending toward a shift to a seller's market. If you're thinking of buying, get off the fence!

According to "This Month in Real Estate," over 90% of buyers begin their search for a home on the internet and spend about 2 months looking before they make a decision. Houses on the market now, are in the best position to be sold in early spring. If you want to sell, get your home listed now.

This chart shows how inventory has decreased and sales have begun to rise.

Check out my website to view current inventory. 

For a FREE comparative market analysis, to get your home listed on the Multiple Listing Service, or to start that search for your dream home, contact me at wendycrook@kw.com. I'd love to be your real estate consultant and guide you through the process of selling or buying your home.

Watch for my next blog about happenings in the Ogden Valley!