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It appears that even super affordable Ogden is not immune from the credit crunch affecting the housing market nationwide. With an average sales price of $160,238, Ogden is one place that the average family can still afford a home. But a look at the statistics from the WFRMLS shows a real slow down in the market about the second quarter of 2007 when the credit problems began.
But it is not all bad news. Ogden still has a healthy level of homes on the market and homes being closed. There currently is a 8.6 month supply of homes not counting pending home sales. Last month 86 homes sold with 31 of them selling below the $100,000 mark.
Ogden 4th Quarter to 4th Quarter Weber County Comparison
|
|
4th Quarter 2006 |
4th Quarter 2007 |
Percentage Change |
|
Home Sales Price |
$160,238 |
$175,273
|
9.38%
|
|
Condo Sales Price |
$121,510
|
$120,195
|
-1.08%
|
|
Percentage of New Listings Sold |
70.37%
|
43.32%
|
-38.44%
|
All data taken from the WFRMLS on 3/5/08
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