April 2010 Real Estate Statistics for the Eugene and Springfield area
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Good Monday Morning! Wow! This weekend was a true taste of Summer! We will take all that we can get. Congratulations to the University of Oregon Men's and Women's track teams for winning the Pac 10 championships over the weekend. The statistics are in for the April 2010 Real Estate market in the Eugene and Springfield area. April of 2010 saw closed sales increase by a whopping 67.6% over April of 2009. Pending sales were also up and were 48.9% higher than the previous April. New listings hitting the market were up as well and rose by 29.9%. April closed sales were also up over March closed sales by 12.7%. The inventory of homes on the market for sale stood at 7.3 months and this was down considerably from 10.5 months in April of 2009. The Median home price continues to drop and was down by 4.2% from April of last year and now stands at $199,000. The average time it now takes a home to sell is 109 days, which was down from 143 days in April of 2009. The question now is, how much of this market upswing was created by the tax credits? Now that the tax credits are gone, we will get an indication. Low interest rates and continuing lower home prices are also adding to increased sales activity. THIS WEEKS HOT HOME LISTING
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