Homes less than $160,000 are selling, expensive homes are not.

The number of active listings of homes for sale in Cache County appears to finally be going down. More homes are finally selling than new new listings are being taken. Right now there are 763 active residential listings on the MLS. While the number of listings is dropping, certain price ranges are selling better than others. A good portion of homes currently on the market will not sell this year. Here is a break down of different price ranges comparing the 594 homes that have sold this year with the number of active listings in the same price range.

	Sold Homes		Active Listings
		DOM		DOM
$60,000	1	0	4	49	25%
$70,000	3	43	8	109	38%
$80,000	8	45	7	117	114%
$90,000	21	22	10	103	210%
$100,000	33	55	36	79	92%
$120,000	59	57	33	78	179%
$140,000	105	51	78	77	135%
$160,000	89	55	99	79	90%
$180,000	68	57	84	84	81%
$200,000	97	86	107	97	91%
$250,000	46	97	101	128	46%
$300,000	24	83	61	117	39%
$350,000	17	92	44	158	39%
$400,000	7	80	19	94	37%
$450,000	2	70	16	90	13%
$500,000	6	102	14	101	43%
$600,000	1	23	14	122	7%
$700,000	0		5	108	0%
$800,000			5	59	0%
$900,000			5	96	0%
$1,250,000			2	71	0%
$1,500,000			1	7	0%
$3,000,000			1	420	0%

The price range that sells the best is the $90,000 - $100,000 price range, so most likely older Logan Condos, and older fixer upper houses. There have been more than twice as many homes sold in this price range than current active listings.

The next best selling price range is homes priced between $120,000 and $160,000. There has been a significantly higher number of homes sold in this price range than are currently active.

Homes priced between $160,000 and $200,000 are selling, but there are more active listings in these price ranges than that have sold.

There is a huge surplus of homes priced between $200,000 and $450,000. There is more than twice as many active listings in this price range than homes that have sold in the first half of the year. These active listings have already been on the market for more than 100 days on average.

Homes priced above $450,000 just plain aren't selling in Cache County right now. In the first 202 days of this year there were just 7 homes priced above $450,000 that sold. There are currently 63 listings more expensive than $450,000. People don't "need" to move up to homes this expensive and with all the negative economic news they just aren't selling.