In Washington Terrace Utah there have been 5 homes sold in the last 30 days. They have ranged in price from $118,000 to $142,000 with an average of 57 days to get sold. At the time of this report there are 43 homes for sale in Washington Terrace. That means we have 8.6 months of supply on the market. A 6 month supply is considered balanced, any more than that is a buyer's market.
Another factor that must be considered is the number of expired listings. In the last 30 days there were 6 listings that expired unsold. These numbers indicate the market is very price sensitive. Right now in Washington Terrace if it's priced right and marketed properly it sells quickly, if it's not it simply doesn't sell.
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