Homes For Sale In Logan Utah - Find All Logan Utah Homes For Sale
Logan Utah Real Estate Statistics, Logan Homes Sold, Logan Utah Real Estate Market Reports
This graph represents quarterly Logan Utah home sales from January 2005 to December 2009. Included in the graph is the amount of inventory, median sales price, and the amount of homes sold in each quarter. The graph shows that the market is in a decline since the 3rd quarter of 2008 in median price of homes sold. This doesn't necessarily mean homes are declining in value, it just means that the homes that are selling are cheaper then a couple years ago.
Logan Utah Real Estate Statistics January 2005 December 2009
Logan Utah Absorption Rates
Active Logan Properties: 286
Properties Under Contract: 63
Sold Properties Last 365 Days: 433
Sold Properties Last 180 Days: 193
Sold Properties Last 90 Days: 127
Absorption Last 3 Months: 42.67 Homes Per Month
Inventory: 7.13 Months
*Updated May 10th 2010
Properties Under Contract: 63
Sold Properties Last 365 Days: 433
Sold Properties Last 180 Days: 193
Sold Properties Last 90 Days: 127
Absorption Last 3 Months: 42.67 Homes Per Month
Inventory: 7.13 Months
*Updated May 10th 2010
Active Properties Vs. Under Contract Vs. Sold May 10th 2010
The numbers show 7.13 months worth of inventory on the market in Logan. This means if no other home came on the market, it would take 7.13 months to sell all of the inventory available.
Absorption rate says 42.67 homes are sold every month. So, out of the total 286 homes on the market, your home has to be in the top 42.67 to be sold in this market. Absorption rate up from 30.00 last month, and inventory town from 11.13 last month. The Logan market has gone into overdrive over the last month, and will be interesting to see where we go from here.
Absorption rate says 42.67 homes are sold every month. So, out of the total 286 homes on the market, your home has to be in the top 42.67 to be sold in this market. Absorption rate up from 30.00 last month, and inventory town from 11.13 last month. The Logan market has gone into overdrive over the last month, and will be interesting to see where we go from here.
The Tale Of Two Markets In Logan Utah
Just like most markets in Cache Valley, there are two completely different markets within each local area. The majority of home sales are homes priced under $200,000, and homes over that price range are struggling. Homes priced between $200,000 and $250,000 are the hardest hit market. There is a lot of inventory in this price range which is giving the few buyers in that range the option to be extremely picky.
Market Comparison Logan Utah Single Family Homes Sold 2006-2009
From 2008-2009 there were 126 properties sold that were over $200,000.
From 2006-2007 there were 161 properties sold that were over $200,000.
From 2008-2009 there were 754 properties sold that were under $200,000.
From 2006-2007 there were 1,038 properties sold that were under $200,000.
In the last 2 years, home sales over $200,000 have dropped by 1.7%. It doesn't seem like much, but that 1.7% plus the drop in total single family homes sold over the last 2 years from 1,199 from 2006-2007 compared to 880 from 2008-2009 is quite a lot.
*All information gathered from the Wasatch Front Regional Multiple Listing Service (WFRMLS).
Market Comparison Logan Utah Single Family Homes Sold 2006-2009
From 2008-2009 there were 126 properties sold that were over $200,000.
From 2006-2007 there were 161 properties sold that were over $200,000.
From 2008-2009 there were 754 properties sold that were under $200,000.
From 2006-2007 there were 1,038 properties sold that were under $200,000.
In the last 2 years, home sales over $200,000 have dropped by 1.7%. It doesn't seem like much, but that 1.7% plus the drop in total single family homes sold over the last 2 years from 1,199 from 2006-2007 compared to 880 from 2008-2009 is quite a lot.
*All information gathered from the Wasatch Front Regional Multiple Listing Service (WFRMLS).
