Eugene and Springfield Real Estate Slump Continues
Good Monday Morning!
For the first time ever, the University of Oregon Duck football team is ranked #1 in the Nation! Yahoooooo!
The statistics are in and the trend just continues on for the local Eugene Real Estate and Springfield Real Estate market slump. Closed housing sales for September of 2010 were off by 20.5% from September of 2009. Pending sales declined by 31.7% from last September and new listings also declined by 13.1%
September sales also fell from those in August by 4.8%, pending sales by 16.4% and new listing by 21.7%.
The inventory of homes active on the market for sale is currently at 10.4 months of inventory. This is compared to 6.8 months for September of 2009 and 10.2 months for September of 2008.
The average home sales price fell again and now sits at $218,000. The average time it took a home to sell in September was 118 days.
The bright spot continues to be the record low mortgage interest rates that just continue to decline and show no signs of increasing in the near future. The combination of low interest rates and affordable home prices have created the Perfect Storm for home buyers. We may never see this favorable situation again in our life times.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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3835 E Street
Wonderfully updated home with Hardie-plank siding, granite countertops, new appliances, new carpet, fresh paint, and new fixtures. W/ a vaulted living room, light & bright kitchen and dining room set on a fun floor plan, a welcoming front porch, gre...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
