Posted by on Jan 9th, 2012 in Uncategorized | 0 comments
Things are looking bright for the future of Logan Utah Real Estate. It was the best December for home sales in four years and real estate inventory is at its lowest point since March of 2008. It really looks like we have seen the worst of the housing market crash and things are really starting to rebound.
December Home Sales
As recorded on the Utah MLS
last month, 69 Cache County Homes sold. This is up 4.35% from last month, and 5.8% from December of a year ago.
Under Contract Listings
Right now there are 98 pending home sales, or under contract homes in Cache County Utah. While this is lower than we have seen in the past few months, It is up substantially from January of last year when there were just 70 homes under contract.
Cache County Real Estate Inventory
Real Estate Inventory is the lowest its been in years. When the number of homes for sale goes down, competition for homes increases, which drives prices up. If the number of new home listings continues to drop at this rate, we may even see a buyers market in 2012. There are just 576 Cache County Homes for Sale
The current indicators of the Logan Real Estate market indicate that the last few years of a heavy buyers market will end soon. Fortunately, mortgage interest rates are still at all time lows, and housing is currently very affordable.
via Logan Utah Real Estate Market Conditions.