Home sales prices declined and inventory levels shrank in Davis, Weber and Morgan counties, bowing to a soft market, according to a new report from the Northern Wasatch Association of Realtors comparing data for April 2011 and 2010.
The median sales price for Davis County homes in April, the most current month for which figures are available, was $179,000, down 10.1 percent from the same time last year. The median sales price for Morgan County was $220,000, a reduction of 20 percent, and $135,000 in Weber County, a drop of 11.5 percent from April 2010, the report states. Overall, the median sales price for homes in Utah was $170,481 in April, a decrease of 6.9 percent from the year previous, the report states. Ogden Standard-Examiner