Like most of Northern Utah, home sales during November in Davis County were really slow. It was the slowest month of home sales since February of 2002, as only 210 residential homes sold.
The average price of homes sold during november was also the as low as it has been in a couple years. The average price of homes sold was $220,857, and $90 per square foot. This is down 15% from the average home sales price last November. The median price of homes sold during November in Davis County was $210,000.
The median list price of homes for sale in Davis County continues to decline. Currently the median list price is $259,000. In May, the Median list price was $294,900. There are currently 2,248 active residential listings of homes for sale in Davis County. At Novembers sales pace, Davis County has 10.7 months of active inventory. The Davis County Real Estate market is in pretty decent shape. Prices likely won’t drop for very much longer , and interest rates as low as they are should stimulate buyer demand.