Housing Statistics for November 2011
Good Monday Morning!
The statistics are in for November home sales in the Eugene and Springfield area and it looks as if our local housing market is continuing with it's trend of slower sales and falling home prices. In November of this year closed home sales declined by 7.8% from November of 2010. Pending home sales rose slightly over the same period by 0.6%. Closed home sales fell 10.5% this November from the month before and pending sales were off by 19.4% for that same time period. The number of new listings also was off by 2.1% from October of 2011 to November of this year. There is currently 8.2 months of active inventory on the market, which means we are continuing with a strong buyers market. The average home sales price fell by 5.5% from November of 2010 and is now at $191,700. The average time it took a home to sell in November of 2011 was 143 days.
Mortgage interest rates have remained fairly steady and are remaining at historic low levels. The climate for purchasing Real Estate in the Eugene and Springfield Market area could not be better.
If you would like to receive a weekly e-mail list of all Bank Foreclosure homes listed for sale in the Eugene and Springfield area, log onto the website http://www.eugenebankowned.com and sign in. You will start receiving this informative weekly home list.
Have A Very Merry Chritmas!
THIS WEEKS HOT HOME LISTING!
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4450 S. Shasta Loop
Stunning ICF constructed Tuscan style home! Enjoy media, family room, guest room and spa room! Great separation of space, skylights, fireplace, large kitchen with 2 sinks, pantry, lots of storage, and nook. Two bedrooms with in-room vanities. Master...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
