South Ogden Home Sales on the Decline

More bad economic news for South Ogden as reported by the Weber County Homes and Real Estate Blog.  Apparently we have been on a steady decline for some time.  October numbers are now in and we are looking at a 28.57% decrease in sales.  In fact sales of home have been down nearly every month this year and so are our home values.  Home values have dropped from an average $155,250 to $140,000 in just a year and down from $171,250 from September of 2009.

The blog gives a nice quick summary of the dilemma in the following paragraph:

Sales started to plunge in July at 53.85 percent, the second highest sales depreciation on the record this year. Then it was followed by August and September which respectively dropped by 33.33 percent and 56.52 percent, the highest so far this year. October real estate in South Ogden sales tallied a total of 15 homes sold, down 21.05 percent from 19 in October 2010, and 28.57 percent below September sales with 14 sold properties.

Below you can see from these graphs a visual display of how the real estate market is going in South Ogden.  Looks like we have a long ways to go to recover from the recession.