Prices Remain on the Rise for Logan/Sterling County
The housing market for Logan/Sterling county remains active and on the rise. The county showed a decrease in the third quarter median sales price for 2017 when compared to 2016. This decrease is not a sign of a slow down, but rather outside factors that are affecting the statistics for this market.
Sales volumes in Logan county have also decreased from last year, but don’t let these numbers fool you. A combination of inventory and investor buying are causing a skewed statistic for housing trends in Logan/Sterling county. A surplus of $200,000 homes on the market are causing a shift in statistics as these homes tend to stay on the market longer as buyers in this area are more inclined to purchase homes in the mid to high $100,000’s. Additionally, an investor purchased thirteen properties for a low price which is also a factor to consider when reviewing the housing statistics for this area. Ultimately, the housing market is stable and still growing even though some of the statistics show a decrease.
Summarized from South Platte Sentinel by Callie Jones
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