Tuesday, February 5, 2019

Real estate numbers from 2018 hold steady; median price up, homes selling faster

Looking at the 2018 sales numbers for single family homes and condos in Bonneville County, it would appear that the market is chugging along for a third straight year. There was a slight slowdown in the number of homes sold and a dip in the number of new listings, but the median price is up to an all-time high and properties are selling faster than ever.

The other thing that struck me from looking all the way back to 2006 was how bad things had gotten in 2011-12. Everyone thinks the darkest days were 2009 -- and if you were in sales, they were dark days indeed -- but I remember someone telling me then, "It's going to get worse. This market is always about two or three years behind what's happening everywhere else."


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