Home Sales in Weber County Utah were substantially down in June. They were down nearly 19% compared with June of last  year when 286 residential homes sold. Home sales were also down by more than 15% compared with May. The 232 Weber County homes sold during June were more expensive. The median sold price was $163,047, and the average sales price was $188,070, up 6% compared with last June, and up more than 14% from the average sales price in May. The increase in sales price is a good indicator that many of the homes sold during June were by non first time buyers.

Weber County Monthly Home Sales Prices

While the prices of homes sold during June was up, the near term future for Weber County looks like we will see more drops in prices. In the last month, the number of homes for sale in Weber County, Utah has risen from 2,260 homes to 2,311. The list price of the homes for sale in Weber County has dropped. The median list price is currently $169,900. A month ago the median list price was $5,000 more.

In addition, there are significantly fewer homes under contract now than any time this year. There are currently just 338 under contract homes in Weber County Utah.

This decrease of home sales in June is really significant, especially being that some of the closings that happened were still result of the tax credit stimulus. The fact that we have the lowest number of under contract homes this year is very discouraging, especially being that it is the middle of summer and prime home buying time.