Well the numbers for the first month of 2010 are mostly in. And so far, the numbers look pretty dismal. I normally don't do market condition stats quite this early simply because there are always some slow Logan Realtors out there who just forget to update their listings in the MLS. But, if these numbers hold accurate, home sales this January are worse than last year, and mark the single worst month for number of Cache County Home sales in nearly nine years.

Thus far, only 39 residential MLS listings in Cache County have been reported as sold. This is down nearly 5% from January last year, which was the worst month of the year for home sales.

The average price of homes sold during January was also down. The 39 homes that sold had an average price of $166,581 and a median sold price at just $146,250. This is the lowest single month average since May of 2006.

While home sales and prices were down, the amount of Logan Utah Homes for Sale was up. Cache County currently has 718 residential homes for sale. This is nearly 30 more homes for sale than we had during February of last year.

The way things looked in December and at the end of the year, it really looked the Cache Valley Real Estate market had bottomed out. A lot of that increased activity may have been result of the Government Stimulus. It will be really interesting to see how the rest of Utah did for real estate sales numbers. There were so few homes sold in Logan, that our subject sample may not be accurate enough to get a good determination. If the rest of the state also experienced slow downs in real estate activity, I think we can give a lot of credit to the increased activity at the end of the year too the Government Tax Credits.