Weber and Davis Inventory Round-Up

Its important to keep an eye on inventory levels to get a feel for what is happening in the marketplace. High inventory has a tendency to push prices down as people compete to sell their homes. Inventory levels above 4-6 months indicates a buyer's market.

Today's charts compare the last inventory update in December 2008 with today's figures:

Davis County has seen some significant improvements in a couple cities. One of the reasons you see such crazy high numbers (West Point in December for example) is that you just don't have sales occurring to bring the numbers down. If you have 20 homes for sale and you only sell 1 in two months, that means you have a 40 month inventory. This was happening in quite a few cities in December. Clinton is still the best place to sell a home right now. However, Farmington, Fruit Heights, and Bountiful are bad and festering with outrageously high inventory.


Weber County's numbers are a similar to Davis County's. There has been dramatic improvements in a few cities but the overall numbers are increasing.

This increase in inventory means that prices may soften a bit more than they have already. We may expect to see a "price trough" this year as unemployment peaks and inventories don't start declining soon.