Logan Inventory, Home Prices Down

The number of homes for sale in Logan Utah continue to drop.
Right now there ore only 617 listings on the MLS. Real Estate Inventory hasn’t been this low since April of 2008.

While real estate inventory is down, so are home prices. During November the average sales price was just $157,299 with a median at $149,650. The list price of the Cache County homes for sale has also declined substantially. The current median price of homes for sale in Cache Valley is $172,900.

The Average price per square foot of Cache County Homes has dropped to $72.4 per square foot.

Home sales during November were better than November of last year. In total, 66 residential homes sold, up 18.18 percent from last year. There are 110 homes currently under contract. A good December could make 2011 home sales stronger than 2010, despite the slow start.

via Logan Utah Real Estate Market Conditions: Logan Inventory, and Home Prices are Down.

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