Monday, March 21, 2011

Short Sales Rising as Home Prices Declining

The number of short sale homes in Logan Utah continues to rise as home prices decline. Nationwide, the average median home sales price is now at 2002 levels, it's not that low in Logan, but over the last three months the median sales price of $156,250 is the lowest Cache County has seen since 2007. The current average list prices are the lowest they've been in even longer.

Cache County currently has 64 short sale listings in Cache Valley, or 8.82% of the 726 Logan MLS listings.

1 comment:

Student lets Leeds said...

Nice post about real estate market condition,now a days mostly builders real estate agents used to invest their cash in buying property that why it generate future benefits to the owners, by this it can effect on home prices.