The number of homes listed as short sales has risen in Logan over the past month. While the total number of Cache County real estate listings is nearly identical to a month ago, the percentage of these homes requiring bank approval has increased. 4.75 percent of the listed homes in Cache Valley are short sales.
The increased number of short sales could be partially attributed to homes that were under contract, that now are not. The long term effect of more short sales is result of lower home prices and a poorer economy.