Cache County Market Update as of March 15th 2007
Current Active Listings: 430
Currently Under Contract: 161
Homes Sold in 2007: 192
Absorption Rate: About 2.67
Which means that in 80 days there will be no more homes on the market assuming that there are no new listings. In a hot seller's market you would expect the absorption rate to be about 0.5. Our market is steadily becoming more robust as more homebuyers make purchases. If you were to look at the absorption rate just for the month of March you would see it somewhere around .87 which is fantastic. So buyers if you are truly looking for a great time to buy now is the time!
Real Estate Consultant woking in the Cache Valley area, servicing Logan, North Logan, Providence, Nibley, Smithfield, Hyrum, Hyde Park and other surrounding cities. Check out www.FindLoganHomes.com
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Geoff, Welcome to Active Rain. I'm glad to hear that the market is picking up. Here in Atlanta I have been very busy for the past 3 weeks.
Tim,
Glad to be hre. Atlanta is somewhere I've always wanted to visit. Keep up the good work.