Obviously here at UtahRealHomes, we care mostly about Logan Utah Real Estate, but we always have an eye on national conditions and trends because we know that it can have an effect on our market here in Cache Valley and Northern Utah. Below is a small excerpt from an article that was posted at realtor.org regarding the current conditions and how they are better now than this time last year.
Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors®.
Existing-home sales 1, which are finalized transactions that include single-family, townhomes, condominiums and co-ops, slipped 0.6 percent nationally to a seasonally adjusted annual rate of 5.02 million units in February from 5.05 million in January, but are 7.0 percent higher than the 4.69 million-unit pace in February 2009.
Check out Realtor.org to get the full article and find other recent articles regarding national real estate conditions. If the article is accurate and things are on the rise, you better get off the fence now and start looking at homes before prices increase and the sellers market returns.
