It’s that time of the week! Let’s kick off this week by providing real estate market insights for the Cache County area. This market is very different from the Salt Lake County and Utah County markets. Below is a graph that highlights where the market currently stands when it comes to median sales price, total number of homes sold and total number of homes listed. Here are some of the takeaways:
- Median sold price peaked in Spring of 2018 at $247,000 per home
- The 4th quarter is the historically the lowest quarter for homes listed.
- An increase in homes listed & sold is expected in the Spring of 2019.
- Average time from listed to sold is 65 days.