Layton, Utah Market Conditions

In the Layton area there have been 40 homes sold in the last 30 days. They have ranged in price from $39.900 to $525,000 with an average of 90 days to get sold. Homes under $250,000 are moving at a much faster rate of 81 days on the market compared to homes over $250,000 that are taking an average of 115 days to sell. At the time of this report there are 505 homes for sale in Layton.

A balanced market has about 6 months of inventory for sale. Right now Layton has about 12.6 months of inventory.

Many buyers have expressed a concern about the availability of loans to buy a new home. There is money available. Those who want to buy using FHA will have no problem as long as they have good credit, 3.5% down and closing costs (unless you can get the seller to pay them). Rates are still good too. Right now they are around 5%. Of course with the market being so active rates change as much as a couple times a day.

If you are looking for a home visit my free home search site http://www.FindYourUtahHome.com

For more information visit my website at http://www.jimmcewen.com