Orem Real Estate Mid Year Update

By
Real Estate Agent with Boomerang Leads

Nearly 280 residential homes and condos were sold in Orem during the first half of 2008. These homes sold for an average price of $226,249 and had a median sold price at a fairly affordable $193,000.

Currently there are 556 home and condo listings in Orem. The number of active listings just continues to rise as home sales are staying pretty stagnant. From the date of Q2 sales stats, there is currently more than 10 months worth of residential real estate listings.. These listings have an average list price of $341,516, and a median list price that is 23% higher than the median list price homes in Orem are selling for. Many of the more expensive homes in Orem won't sell for a very long time.

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