April Market Update- Davis & Weber County

Hello again! Ready to dive into the latest scoop on the Davis and Weber County housing market? Buckle up as we break down the current conditions and compare them to last month's stats.

Days on Market (DOM): Let's start with how fast homes are flying off the market. Last month, the average time a home spent on the market dropped significantly to just 32 days, down from 44 days the month before. That's a huge 12-day difference! With more buyers flooding into the market, more competition means quicker offers.

Median Sales Price: Onto everyone's favorite topic – prices! The median sales price surged to $469,500, compared to $462,000 the month before. That's a notable increase of $7,500. Homeowners, celebrate!! Your properties are gaining value in this thriving market.

Sales Price vs. List Price: If you're curious about how much buyers are willing to pay, here's a look. Homes are now selling for 98% of their list price, up from 97% the month prior. This slight uptick indicates strong buyer demand and even some competitive bidding happening in the market.

Total Homes Sold: Last month, the real estate market saw a healthy increase in homes sold, rising from 516 to 577. That's 61 more homes finding new owners! That's a strong indication of a thriving market with activity impacting both buyers and sellers for good.

Whether you're looking to buy, sell, or simply stay informed, understanding these trends can help you navigate the market with confidence.

In conclusion, the current real estate market is vibrant and full of opportunities. With homes selling faster, prices on the rise, and increased buyer interest, it's an exciting time for both buyers and sellers. So, whether you're in the market for a new home or considering selling your property, now might be the perfect time to make your move. Happy house hunting!