Wednesday, April 8, 2009
1st Quarter 2009 Months of Inventory Price Break Down
This chart shows the months of active inventory of homes for sale in Cache County in comparison to the sales statistics for the first quarter of 2009. January and February were the slowest month for Home Sales in Cache County in nearly a decade. During this time period homes priced between $140,000-$159,999 sold at a "neutral market pace" and sold in less than 7 months. All other price ranges are experiencing a buyers market. Sellers with homes priced above $350,000 are experiencing a very heavy buyers market, and there are multiple years of inventory.
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1 comment:
Cache Valley Utah Real Estate sales were down quite a bit. From those charts, it really looks like you don't want to even try selling any homes for more than $250,000.
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