February 2011 Market In Eugene Area Declines!
Good Monday Morning!
The statistics are in and yes the Real Estate market in the Eugene and Springfield area continues to change. Here is what the month of February looked like in comparison to February of 2010.
Closed home sales were down 10.1% from February of 2010 and Pending home sales fell 19.9% for the same time period. The number of new home listings hitting the market also declined by 27.5% over the same period in 2010. The average sales price dropped by 15.4% from February of 2010.
The better news is that Closed sales were actually up from January of this year by 4.6% and Pending sales were up by 14.4%. New listings were off by 12.1% from February of last year.
The average sales price of homes in the Eugene and Springfield area dropped from $197,800 in January 2011 to $179,400 in February of 2011. This is a decline of 9.3% in one month. There was 11.9 months of active home inventory in February of 2011 and this is in comparison to 10.9 months in February of 2010. The average time it took for a home to sell in February of 2011 was 170 days and this compares to 136 days in February of 2010.
Have Ane Awesome Week!
THIS WEEKS HOT HOME LISTING!
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1004 54th Street
Enjoy a spacious .99 acre lot in the city! This charming home has many features including granite counters and cooking island in the kitchen, a fireplace in the living room, and a master bedroom with french doors and his-and-her closets. Relax in a ...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
