Real Estate in the Payson Nation

After six months of real estate sales in 2008 you'd think we could get a pretty good idea of what the Payson Real Estate Market is doing. One think happening is that home sales numbers are down, and very few high end homes are selling. This is driving the average sold price of Payson Real Estate Down.

From January-June 77 residential home listings sold in Payson. These properties sold for a median price of $206,982 and an average price of $190,000. The 170 homes currently for sale in Payson have a median asking price 18% higher at $230,900, and an average price that is 32% higher at $303,843. At the second quarter sales pace, it will take more than a year to sell the present supply of inventory.