The Davis County Real Estate market is clearly showing signs that it is normalizing. The average days on market is down, and home sales are increasing while housing inventory is decreasing. Real Estate inventory is almost at balanced levels. At May’s home sales rate, there is less than 8 months of active home listings in Davis County Utah.
During May, 267 residential home listings were reported sold by the Wasatch Front Regional MLS. This is down by 19% compared with May of last year, but up 10% from April. The average price of these homes sold is also down to $221,832, 10% less than the average sold price a year ago.
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