Ogden, UT

* Only 19% of the current single family home MLS listings are under contract
* 8% of those listings under contract are "short sales"
* At least 36% of the listings under contract are vacant
* The median price of the listings under contract is $123,500
* The median price of active listings is $139,900
* There is an 13.3% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home

Source: Wasatch Front Regional Multiple Listing Service

The home prices in Ogden have been averaging $127,620 for the last 30 days making it affordable for many first time buyers. The result is that homes in Ogden have been moving and have been selling in less time than the County average.

In the Ogden area there have been 92 homes sold in the last 30 days. They have ranged in price from $22,000 to $403,000 with an average of 89 days to get sold. Homes under $250,000 are moving at a rate of 87 days on the market compared to homes over $250,000 that are taking an average of 135 days to sell. At the time of this report there were 779 homes for sale in Ogden. There is 8.47 months worth of inventory available in Ogden making it a slight buyers market, but not like it was when there was a year's worth of inventory.

For more information visit my web site at www.jimmcewen.com or give me a call at 801-686-5550

If you are looking for a home try our free web site. http://www.FindYourUtahHome.com

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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Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC

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

It's Not About the Money -It's about life long relationships that are based on Customer Service Excellence.

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!

Cornerstone is just steps away from opening doors to a new real estate brokerage in Weber County. We should have everything ready by the middle of October.

Cornerstone Real Estate Professionals started with just two agents at the beginning of 2008. It is now the largest, and highest producing real estate office in Cache Valley Utah. Our growth here didn't happen because we are good recruiters, It happened because we have a good thing going on.

We are looking for FULL TIME experienced agents who reside in Davis and Weber County (Our new office will be conveniently located in South Ogden) who want to take their business to a new level.

Some of the things Cornerstone Real Estate Offers Include:

• Real Estate Leads - We're not just talking about an occassional lead, we're talking about daily leads, enough to give you 10-15 additional closings every year.
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• Nice Office where you will feel comfortable meeting with clients.
• Training
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Our goal is to have all of our agents have triple digit gross annual incomes.

If you are disgruntled with your current brokerage, or are just looking for more business and service the Ogden Real Estate, North Ogden Real Estate, Roy Utah Real Estate, Davis County Real Estate, Layton Real Estate, Clearfield Real Estate, Farmington Ut Real Estate, Kaysville Real Estate, or Bountiful Real Estate, contact Ben Brown Today. 801-756-2998

78 less homes were sold in Ogden, dropping about one quarter. Median sold price slipped just $750 but average sold price slid about $11,000. Ogden Real Estate has 8 months of inventory and 675 active listings. Ogden homes continue to be some of the cheapest around and are currently listed around the mid 100's.