Closes Sales Trend Up In Eugene and Springfield
Good Monday Morning!
Yeah! The sun is out!!!!
The new numbers are in for the Eugene and Springfield area Real Estate Market. There is good news and bad news. The good news is that sales activity improved from the dismal numbers we saw in January and February of this year. The bad news is that March of 2011 was off significantly from March of 2010. Closed sales were down 17.5% from March of 2010, pending sales were off by 30.9% and new listings decreased by 33.8%.
The number of closed sales finally took a jump over the two previous months. January saw 160 closed sales in Lane County and February saw 167 closed sales. There were 227 closed sales in March, which is very good news.
There are currently 1,943 residential properties on the market and this adds up to 8.6 months of active inventory. The amount of active inventory has been shrinking over the past several months. The average sales price of a home continues to slide and it was 9.9% less than in March of 2010. The average time on the market for a residential property is 152 days.
Have An Awesome Week!
THIS WEEKS HOT NEW HOME LISTING!
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1336 Tamarack St
Wonderfully updated home with huge backyard. On quiet street close to park and schools. Features light and bright living room with brick fireplace, well-sized bedrooms, updated baths, master suite with walk-in closet. 4th bed could be an office. New...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
