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Weber County Real Estate Market Conditions Report - June 2011

Posted by Lisa Udy on Friday, July 29th, 2011 at 11:15am.

Weber County had a nice month in June 2011 with a total of 241 homes sold, up from May's 214 mark; an increase of 11.3%. This is to be expected as we hit the summer selling season. However, we are still slightly down year over year as there were a total of 250 homes sold in June 2010, a decline in home sales by 3.6% year over year. This is to be expected as the economy continues to struggle. 

Average days on market for Weber County home sales was 146 days, which is down by 5.9% compared to May's 155 day average. Compared to most Northern, Utah real estate markets, this is a great sign as most are increasing in this department. However, in 2010, homes took on average 133 days to sell, which is an 8.1% increase year over year. 

After a slumpt, average sold price finally showed some good signs in 2011. The average price of homes sold in June was $162,155, which is an increase of 5.6% compared to last month. Compared to last years $186,526 for average price of homes sold in Weber County, it's still a year over year decline of 13.1%. Although home prices have declined so dramatically over the last year in Weber County, June showed some nice signs of improvement, and hopefully July will continue that trend. 

The average price per square foot for homes sold in Weber County for June 2011 as $71, an uptick over May's $69 by 2.9%. Compared to last year at the same time, Weber County experienced a year over year decline by 11.3% as the average price per square foot was $80.  

Weber County real estate is showing signs of improvement here in the summer selling months compared to May, but the market is still down year over year in almost every category of importance. Home sales are up this month from last month, average prices per sold home and square footage are up, but again we down in all categories from last year. The good news is that home are selling, the bad news is they are taking longer to sell, and they are selling for less money than they peaks of the market. If you have any questions about Weber County real estate statistics, please feel free to contact us. 

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