Tuesday, March 9, 2010

February Cache County Home Sales UP

Home Sales in Cache County for February were much improved over January. They weren't stellar by any means, but they improved compared with February of last year.

52 residential Cache County Homes sold last month as reported on the WFRMLS. This is up by more than 17% compared with February of last year when just 43 residential homes sold. The average price of these properties was $180,232, and the median sales price was at $164,495. This is the highest monthly average for home prices in five months. It is also up by 4% compared with the average sold price in February of last year.

Some positive news is that the amount of new listings in Cache Valley only slightly increased compared with last month. There are currently 752 homes for sale in the Logan Utah area. At February's home sales pace this represents an absorption rate of a little over 14 months.

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