June Sales Still Good - But Summer Sales in Logan Will Be Down

Cache County home sales for June were pretty good. 105 MLS homes have been reported sold thus far, an improvement of 5.71% compared with June of last year. June home sales numbers weren't quite as good as May's numbers, and were down by about 8%.

The average price of home sales in Cache County was substantially up during June compared with the last four months. This is a sign that many of the June home sales were not first time buyers, and were not effected by the home buying tax credits. The average price of Cache County Homes Sold during June was $180,724, with a median price of $161,000.

While home sales for the first half of 2010 were pretty positive, so far, the second half of the year doesn't happen to look so good. July is traditionally one of the strongest months for home sales. This month, there will probably be less than a hundred Cache County Homes sold. Right now Cache County has just 99 homes under contract. This is less than half the number of under contract homes as there were in May. Only about 70% of Under Contract properties actually close.

Logan Real Estate also has a record high number of listings on the market. Right now there are 883 active residential homes for sale in Cache County Utah. The price of these homes for sale has dropped. The median price of Cache County residential real estate is $189,900 and the average price is $244,129. If buyer activity doesn't start picking up, we will likely see prices continue to drop this winter.