Although Real Estate in Logan Utah is slightly down from last years numbers, compared to Real Estate in Utah, and in most of the Nation it is "relatively healthy."
Home sales in Cache County are down by about 15% compared to 2007's numbers. This number is substantially better than home sales in Davis County, Salt Lake County, and Utah County where home sales are down by about 35%. In addition, while home prices are actually down in most portions of the Wasatch Front, they are still up for Logan Homes. Many potential home buyers fear that if they buy now, prices will go down. In my opinion this won't happen in the Logan area. They won't go up fast, but they aren't going to be going down in value either.
The current economic data indicates that mortgage rates will likely be going up in the near future. For most buyers, this has a great impact on affordability and the ability to purchase real estate. For fence sitters who know they will be sticking around the Logan Area for a while my advise is to buy now while interest rates are still low.
Number of MLS listings should be peaking any day now. Get this interesting fact. There are more than 50 homes for sale in Hyde Park!
I think we are going to see an unusually good winter with home sales rising!
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