2008 Home Sales in American Fork were down by about 23% compared with home sales in 2007. There were just 233 MLS listings reported sold. The average sold price of homes also dropped by about 6% from $258,404 to $242,567, and the median home price dropped from $225,500 to $215,000. Home prices are getting more affordable, and there are still plenty of homes for sale in American Fork UT. It's a buyers market, and at 2008's home sales pace, there is currently 11.2 months of active real estate inventory. The average listing in American Fork Utah is priced about 14% higher than the median sold price in 2008. Many sellers will still have to come down in price if they want their homes to sell in 2009.
These numbers are not official.
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