Is the Real Estate Market In Eugene and Springfield Heading into Another Downturn?
The inventory of homes listed for sale in the Eugene and Springfield area is on the rise. The number of days it takes for a home to sell is also increasing and the average sales price of homes has also increased. However, homes sale numbers have decreased from last year. At the same time that sales have slowed, mortgage interest rates have dropped for 4 consecutive weeks. This all could be a danger sign for a downward trend in our local market. The culprit could be that home prices increased too rapidly following the down turn and now need to adjust down. Time will tell, but look for home prices to begin dropping in our local market area unless sales begin to increase significantly over the next several months. If you have a home on the market for sale or you are considering the sale of your home, pricing it competitively in our current market is essential. Because we may be in a declining market again, you will also want to watch the market and make sure that you are priced with the current market trend. Have An Awesome Week! THIS WEEKS HOT HOME LISTING! |
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Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-June-2014 |
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141 KOURT DR
Beautiful energy star rated home! New laminate floors and carpet, interior sprinklers, vaulted ceiling, skylights & architectural ledges. Living room with gas fireplace, kitchen with eating bar opens to dining room with slider to back. Master suite ...
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