Logan, UT - Local Housing Data - Summary

Change location:

Region

State

City

Logan, UT, ID

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Logan, UT Local News

Latest Numbers Indicate New Home Closings and Prices Drop in Logan

Posted on: Jul 06, 2014 07:21:25 AM

In the Logan, UT market in April, closings of new homes dropped year-over-year, dropping after a year-over-year increase in March 2014. New home closings moved from 15 a year earlier to 14 after the figure moved from 13 in March 2013 to 22 in March 2014.

A total of 188 new homes were sold during the 12 months that ended in April, down from 189 for the year that ended in March.

New home closings were 9.5% of total closings a year earlier, and this percentage saw a decline as new home closings this year made up 14 of the 184 total closings. After staying stable in March from a year earlier, closings of new and existing homes rose in April.

Pricing and Mortgage Trends

The average value of newly sold homes in April 2014 was $209,010, down from last year's $243,827. This was on the heels of a 1.9% hike in March year-over-year.

The average mortgage size went down to $172,305 from $211,027 a year earlier. Average mortgage size on new homes went from $193,866 in March 2013 to $203,071 in March 2014.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.