Will Ogdens low housing costs keep the real estate market going?

Real Estate in Ogden is the least expensive for urban areas of Northern Utah. The 2008 median price of homes sold in Ogden is $125,000, nearly half of the Northern Utah median average sold price of $212,000. One of the big real estate problems with most of Utah is the huge surplus of high end homes. Ogden has very few "high end homes" but it still may be struggling from the fact that the average Ogden listing is still substantially more expensive than the average price people are willing to pay for Ogden Homes.

At the beginning of July, Ogden had 841 active MLS listings. This includes homes, condos, and occasionaly a mobile home. These listings had a median price 20% higher than the median sales price. At the second quarter sales pace of 115 homes sold each month, it would take 8 months to sell the remaining inventory.