Monthly Market Snapshot: Cache Valley

    The summer is here and, from the looks of it, the spring selling season is going to continue! Logan has a wonderful summer selling season and if you’re thinking if this year is the right time for you to sell your home, the answer is: YES! View some of the key metrics below and contact us to know the value of your home.

    Logan & Cache Valley

    Median List Prices: $326K

    This measure is up 4% for the month of April over 2018. An increase in list price shows that the market is still appreciating and the opportunity to sell your home and get a great offer is still there! Don’t miss out on the opportunity to sell during the remainder of this sellers market. Call us to find out your home value at no cost to you!

    Active Listings: 290

    This key metric is up 9% for the month of April over 2018! A steady increase in the amount of inventory can signal growth around the county. Too much inventory, however, can lead to an over saturated market. Much of the rest of Utah is dealing with extremely high increases in inventory. Logan’s 9% increase is a great number to show that this is a healthy, appreciating market.

    Days on Market: 43

    Days on market is a wonderful stat to see how long the average home takes from the time the sign goes in the ground to when the sign comes out because the sale is closed! This key metric is up 23% over April of 2018. Do not be alarmed by the increase. 43 days is an unbelievably short amount of time for this key metric and shows that if you list your home today, you will have it sold and closed on in just over a month!

    There’s no better time to get your home on the market in 2019 than right now. Mortgage rates have stabilized, but continue to motivate buyers to get into the market place.

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    Melody Moser

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