The Eden Real Estate market has taken the extremes. While it was one of the hottest areas a couple years ago, it is now ice cold. Almost nothing is moving in Eden, and it has more inventory per Q2 sales than any other city in Utah.
Currently there are 165 residential homes for sale in Eden. During the first half of the year, only 30 MLS listings actually sold. In the second quarter, 16 homes sold, and at the pace of 5 homes sold a month it will be nearly 3 years before the present supply of inventory is exhausted.
The median price of homes listed for sale is $419,000. The median price of homes that have sold this year in Eden is $383,000. Unless some economic factors dramatically change soon, the Eden real estate market will be slow for a while so hold on tight.
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