North Logan Utah Real Estate Statistics, North Logan Home Sales, North Logan Real Estate Inventory
This graph represents quarterly market trends in the North Logan Utah real estate market. The Blue line represents the average sold price, the red line represents the number of North Logan Utah homes sold, and the green line represents the total number of homes listed. From this graph we can see that it looks like the average sold price has dropped significantly. True it has dropped, but if we look back to 2005 and 2006 before the bubble burst, the average price at $181k for 2010 is still above or even with those lows. The amount of homes sold has been on a decline since 2007 and it seems to have leveled off for the time being. The good thing about this graph is the amount of inventory on the market compared to the amount of solds. As solds decreased, inventory also decreased, which means the North Logan market is somewhat stable.
North Logan Utah Absorption Rates
Active North Logan Properties: 88
Properties Under Contract: 9
Sold Properties Last 365 Days: 61
Sold Properties Last 180 Days: 31
Sold Properties Last 90 Days: 20
Absorption Last 6 Months: 5.17 Homes Per Month
Inventory: 17.42 Months
*Updated June 4th 2010
Properties Under Contract: 9
Sold Properties Last 365 Days: 61
Sold Properties Last 180 Days: 31
Sold Properties Last 90 Days: 20
Absorption Last 6 Months: 5.17 Homes Per Month
Inventory: 17.42 Months
*Updated June 4th 2010
Active Properties Vs. Under Contract Vs. Sold June 4th 2010
The numbers show 17.42 months worth of inventory on the market in North Logan. This means if no other home came on the market, it would take 17.42 months to sell all of the inventory available.
Absorption rate says 5.17 homes are sold every month. So, out of the total 88 homes on the market, your home has to be in the top 5.17 to be sold in this market.
