Farmington leads Davis County real estate for the most inventory on the market. At the second quarters pace of 14 homes sold per month, if there were no new listings and all the current listings were affordable, it would take nearly a year to sell all of the 160 homes currently for sale.
Being that not all of the homes for sale in Farmington are affordable, and knowing that there will be new homes listed, it will take a lot more time than just a year to sell some of the Farmington homes for sale. The average list price of the homes for sale in Farmington is $453,969, the median list priceis $351,900. In 2008 the median price of Farmington homes sold is less than $300,000 and the average sold price is just $327,000.
So if there is an investor out there who wants to buy lots of high priced homes in the Farmington area, we invite you to come and help the Farmington Real Estate market out.
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