Wednesday, June 3, 2009

May Home Sales Down for Cache County

Surprisingly, home sales in Cache County declined in May compared with April. There were just 73 homes sold that were listed on the Logan MLS. This is also down 38% compared with May of last year when 118 residential homes sold. 

The median price of homes sold during May was $165,000, the average sold price was $180,114. A large percentage of home buyers right now are first time buyers, and they are purchasing the more affordable homes. Overall, for the homes that are selling, prices have been fairly stable in Cache Valley.

Cache County currently has 816 residential homes for sale. The median list price of these homes is $209,000 and the average list price is $265,366 far more than the average prices homes are selling for. 


Rajesh said...

There are signs of recovery.
Boise real estate

real estate business cards said...

i believe that things will once itself back to normalcy - may be slow but better than nothing. and there are alternatives. thanks for the useful inofrmation.