The number of homes for sale in Logan Utah is at its lowest level since April of 2008. That was
As you can see in the chart below, while inventory at the front of the year was at its highest January level ever, it is now well below November levels at any time during the last four years.
If these signs towards recovery continue, the current low home prices combined with the all time low mortgage interest rates might make right now the best time to buy ever. Chances are that home prices will continue to drop throughout the winter, home price trends always lag behind sales. But if inventory remains low and demand continues to increase, we will see stable if not rising prices by the latter half of 2012.
If you are thinking about buying real estate in Logan Utah or the surrounding areas, now is the time to get started. Start by simply visiting our website and viewing all the available homes for sale in Cache Valley.
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Some of the housing buyers in the Logan UT area are investors who are looking to rent the properties over the long term. Now that down payments for mortgages are required, there are more high quality tenants renting longer while saving the down payment.