Logan Real Estate Numbers Down in September

Cache County home sales were down by 33.7% compared with September of last year. They were down 13% from last month, which was a really bad month for home sales. This marks the lowest September of home sales since 2002. I thought that the tax credit hangover was over, and that the real estate sales numbers would normalize, but it appears as if it will be more time until we see home sales numbers increase.
Cache County Real Estate prices also appear to be dropping. The September sales price was just $162,582, down 11.96% from a year ago. The median sales price was just $155,850. Prices will likely continue to drop as inventory is still too high. There are currently 871 residential homes for sale in the Logan Utah area. This is 116 more listings than at this time last year.
The next few months don’t look like they will be much different for home sales. There are currently 99 homes under contract. This is down from 108 under contract properties at this time last month.

via Logan Utah Real Estate Market Conditions: September Home Sales an Prices Down in Logan.

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