About Weber County, UT

We need Positive Price Action to confirm market bottom. One month of price improve isn't sufficient to confirm the market bottom. We need to see appreciation month over month for three months.

PRICE ACTION

Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.

SUMMARY

Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. This is NOT a good time for those with low and/or no risk tolerance to purchase.

High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.

Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.

Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.

Buy and hold is the best buying strategy.

Data considered accurate... However is NOT Guaranteed. Contact your Mark Watterson your Local Property Resource Specialist for the most up-to-date data and help to determine your specific risk tolerance.

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Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com

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The "Voice of the Customer" is where it all begins. Customer Service Excellence is not just words. It's our CULTURE.

My customers refer their family and friends because of the exceptional attention to detail, customer focus and the value added services they receive. An unmatched passion and love for providing these services is the thread that binds the entire business process together making it a smooth and seamless event.

In fact it doesn't even seem like business. Because it's all about you, your goals and objectives.

You should expect the highest level of service and you deserve it. It's about you, the right property and your GOALS. YOU Deserve the BEST!

Eden, Huntsville and Liberty went through a large decline in all areas. Only 13 homes were sold in the Upper Ogden Valley during the first quarter of 2009. 236 homes in the Upper Ogden Valley are listed, making active inventory over 4.5 years! Median sold priced dropped 20% and average sold price went down 35%. Even with the big decrease in prices, homes in this beautiful area are still the most expensive in the county.

Roy experienced the smallest decline in number of homes sold. That being said, the number of Roy homes sold still decreased 24%. There is a healthy 7.42 months of inventory and 245 active homes in Roy listed. Median sold price saw a small decrease of 1.39% and average sold price saw a decrease of 4.8%.

North Ogden experienced a painful 60% drop from 80 homes sold to 32. At the same time, average sold price experienced an increase up to the $200,000 range and median sold price increased to the $190,000 range. There are 163 North Ogden homes listed on the market and inventory is up to 15.28 months.

100 less Ogden homes were sold, dropping 37% when comparing with the first quarter of 2008. 166 homes sold over the first quarter of 2009. There are 13.28 months of active inventory and 735 homes currently listed which is pretty normal for the area right now. Sold price increased a few percent. Median sold price of homes in Ogden rose 2.86% and average sold price is up 9.03%