Real Estate sales along the Wasatch Front from Davis County to Provo appear to be on the rise. Real Estate in Ogden, Box Elder County, and Cache Valley on the other hand look like they still have some work to do. It's still a buyers market here, and looks like it will continue to be for the rest of this year.
The deceiving thing is that Real Estate in Northern Utah never really boomed, and it also never really crashed. Real Estate for the Cache Valley, Brigham City and most of the Ogden Valley markets had above average increases, and now above average decreases. The real estate market this decade has been like a giant ocean with a rippling wave effect. Here in Northern Utah, we have only had little ripples.
For July, home sales in Cache County have were at their lowest level for July since 2003. The good news is that the number of homes on the market has decreased. There are currently 833 residential homes for sale in Cache Valley. At July's home sales pace, Cache Valley has nearly nine months of real estate inventory.
For more details visit the Logan Real Estate Market Conditions Blog
