March 2009 Real Estate Stats for Eugene and Springfield
Good Monday Morning!
Wow! What a gorgeous Oregon Spring weekend we had. The good news is that there is more on it's way.
The Real Estate statistics are in for March and even though the home sales numbers remain down from last year they are improving significantly from the 4th quarter of 2008 and 1st quarter of 2009. Here are the March numbers:
March had 9.7 months of active home invntory. This is coming down quickly. January saw 20.6 months and February was at 13.1 months. March of 2008 was at 8.4 months.
Closed sales were off from last year but improving from the 3 months previous. Overall closed sales were down 19.9% from March of 2008. Pending sales also were off from last March but greatly improved from the 3 previous months. They were off by 11.6% from March of 2008. New listings also tumbled and were down 22.1% from March of last year. The average sales price for March of 2008 was $265,700 and for March of this year it was $230,700. The other part of the story is that Lane County saw a 34.9% increase in closed homes sales over the previous month of February.
If you are thinking of buying a home my suggestion is that you act fast. As I have been saying for months, "you will never know the market hit bottom until you see it starting to climb back up again." The numbers speak for themselves.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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1010 Berntzen Rd, Eugene, Oregon
Description: Cute home in immaculate condition inside & out and sits at the end of a quiet culdesac bordering the park. It features arched doorways, wall-to-wall carpet, wood spiral staircase, lots of windows, .... |
