Real Estate in Cache Valley is really busy right now. There are many buyers taking the steps to buy a home before the expiration of the home buyer tax credit at the end of the month. We should be seeing an increase in the number of homes that are going under contract, which we are, but we are seeing a much greater increase in the number of Cache County Homes for Sale.
In the last week, 38 Cache County homes have gone under contract, but there has been 65 new home listings. In the last two weeks, 67 homes have gone under contract, but 102 homes have been listed.
There has been a flood of new home listings in Cache Valley. There are about 25 more homes for sale than there was two weeks ago. In total, there are now 818 residential homes for sale in Cache County. Last year we didn’t see inventory levels this high until the end of June.
Here is a break down of the number of listings specifically by city: