Logan Real Estate is Busy - 205 Under Contract Homes

Logan Real Estate is busy right now. With the expiration of the home buyer tax credits, buyers and real estate agents are rushing to get things done. While there hasn't necessarily been a huge number of closings in the last week, there has been a very large number of homes go under contract.

On Monday there were 820 listed homes in Cache County. Right now, there are just 807. This is really positive to see the inventory moving in the downward direction, especially being that it is normally such a big season for listing homes. Cache County Real Estate Inventory has dropped substantially over the last few days.

The biggest reason inventory has gone down, is because so many properties are going under contract. Two weeks ago there were 172 Logan Homes for Sale Under Contract, right now there are 205! This bodes well for future Logan Real Estate sales.

Over the last week there were only 13 homes listed on the MLS that were reported sold. I'm betting this number is actually higher, but many of the agents are so busy right now that they haven't had time to update the stats.

All the tax credit craziness will end in just two days, and the real estate market will be reliant on its own power again. There will definitely be a little lag for seasonal levels for home sales during July and August as many buyers advanced their home purchases to qualify for the tax credits. It will be really interesting to see how Northern Utah Real Estate fares this summer.