Nibley Utah Homes & Nibley Utah Real Estate Properties And Listings
Nibley Utah Real Estate Market Statistics, Nibley Homes Sold, Nibley Utah Homes Sold Reports
This graph represents quarterly Nibley Utah home sold from January 2005 to December 2009. Included in the graph is the amount of inventory, median sales price, and the amount of homes sold in each quarter. Using this graph we can see the peak of the Nibley homes sold came in the second quarter of 2007. Followed by a large decline in home sales through the first quarter of 2009, and then rebounding in the third quarter of 2009 due to the first time home buyer tax credit expiring.
As we can see from the graph, the Nibley Utah real estate market peaked around the third quarter of 2007, and has showed a decline in the average price of homes sold since. The amount of homes sold has dropped off year over year since 2007, but not by much. In the third quarter of 2009 there was a nice jump in home sales, which can be credited to the first time home buyer tax credit expiring.
In 2010 we can predict another drop off in homes sold in the first quarter with a nice spike in the second quarter of 2010 due to the second first time home buyer tax credit expiring. It's going to be interesting to see how the next year pans out after there are no more tax credits for home purchases. I can see a small decline through the end of 2010, before home sales start to pick up in 2011 and beyond.
In 2010 we can predict another drop off in homes sold in the first quarter with a nice spike in the second quarter of 2010 due to the second first time home buyer tax credit expiring. It's going to be interesting to see how the next year pans out after there are no more tax credits for home purchases. I can see a small decline through the end of 2010, before home sales start to pick up in 2011 and beyond.
Nibley Utah Absorption Rates
Active North Logan Properties: 63
Properties Under Contract: 10
Sold Properties Last 365 Days: 87
Sold Properties Last 180 Days: 39
Sold Properties Last 90 Days: 20
Absorption Last 3 Months: 7.00 Homes Per Month
Inventory: 9.71 Months
*Updated June 4th, 2010
Properties Under Contract: 10
Sold Properties Last 365 Days: 87
Sold Properties Last 180 Days: 39
Sold Properties Last 90 Days: 20
Absorption Last 3 Months: 7.00 Homes Per Month
Inventory: 9.71 Months
*Updated June 4th, 2010
Active Properties Vs. Under Contract Vs. Sold June 4th 2010
The numbers show 9.71 months worth of inventory on the market in Nibley down from 9.95 from last month. This means if no other home came on the market, it would take 9.71 months to sell all of the inventory available.
Absorption rate says 7.00 homes are sold every month up from 6.33 last month. So, out of the total 63 homes on the market, your home has to be in the top 7.00 to be sold in this market.
Absorption rate says 7.00 homes are sold every month up from 6.33 last month. So, out of the total 63 homes on the market, your home has to be in the top 7.00 to be sold in this market.