Weber County Sales Bottom! October Sales Up 25%

Monthly sales in Weber County may have found their bottom in September as sales in October reported a 25% increase over October 2008.  Great news!  Weber has not had a monthly increase in sales year-over-year since May 2007...28 months ago.  Its worthy to note that some of this large increase may be attributed to first time buyers hoping to utilize the $8,000 tax credit before its initial expiration date of December 1st.  Now that the deadline has been moved out to next April, we may see the the sales volume subside a bit.  The question will be whether sales are more or less than they were at the same time last year.  We will find out.

It at least feels like the market has found its equilibrium.