Upper Ogden Valley, UT - 2nd Quarter 08-09

The towns of Eden, Huntsville and Liberty are feeling the crunch.  Only 8 homes in the Upper Ogden Valley sold, which is only 3 less than what sold during the second quarter of 2008.  The worst part is that there are 170 homes listed on the market, rocketing inventory to over 5 years.  Both Median and average sold price of Upper Ogden Valley Real Estate dropped 34%, bringing sold price into the $200,000 range.  Sellers currently have median and average home prices over 50% higher, taking prices into the one-half million dollar range.