Monday, July 6, 2009

June Cache Valley Home Sales Up

June was the best month for home sales in Cache County Utah in nine months. Nearly 100 residential properties sold. Home sales were up by 26% compared with May, and even up 6% compared with June of last year. This is the first time Cache Valley year over year sales have improved in 2009.

While home sales are up, prices are down. The average price of homes sold in June was $174,894. Down nearly 10% from the average sold price a year ago. Cache Valley Homes sold for an average of $81 per square foot.

Home sales are improving, but there are still too many homes for sale in Cache Valley for prices to appreciate. There are currently 845 residential listings on the for sale on the MLS. This is nearly twice as many homes as there were just two years ago.

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