April 2009 Sales Home sale stats for Lane County
Good Monday Morning!
Wow! What a gorgeous weekend. It just does not get any better than that.
The April statistics are in for the the Real Estate market in the Eugene and Springfield area. There are some mixed signals out there right now and I guess this should be expected. The number of pending sales for April jumped 8.2% from April of last year. This is a very good sign that we are seeing more active home buyer activity. At the same time, closed sales dropped 21.9% from April of last year. Of course this is reflective of pending sales from 30-60 days prior. This scenario indicates that there is a sharp increase in overall sales from last year and it could indicate a trend of much better activity and possibly the fact that this market has bottomed out and is now getting better. The next 60 days will be the big test here. Other statistics show that new listings fell by 18.2%, which could indicate a lower inventory of homes for buyers to choose from. Pending sales jumped by 21.6% in April over March of 2009. We now have 10.5 months of active inventory of homes, which is significantly less than the peak at 20.6 months in January of this year. The median sales price fell again as it dropped to $215,000 from $231,700 in April of 2008.
Look for this local market to remain steady and improved as long as the mortgage interest rates remain at or below the current level. In fact if the inventory of homes continues to decrease and the number of sales continues to increase look for prices to begin to start back up again. If you are thinking of purchasing a home, don't wait!!!!!!!
THIS WEEKS HOT HOME LISTING!
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3350 Videra Dr, Eugene, Oregon
Description: This unique and contemporary home is located in the Southwest hills of Eugene and offers 3 bedrooms, 2.5 bathrooms and approximately 2,096 square feet. A large covered front porch invites you into the .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
