January 2013 Numbers Are In
Good Monday Morning!
January saw a healthy start to real estate activity in Lane County. Pending sales, at 260, were the best January since 2008, when 270 were entered. Accepted offers were 32% higher than December’s 197. Closed sales fell slightly compared to both the previous January and the previous month. At 182, they were 8.1% lower than the 198 in January 2012 and 25.1% lower than December’s 243.
New listings rebounded strongly from December with almost twice as many entered (334 vs. 180). However, they were slightly under new listings entered in January 2012 (375).
At 1,234, the active listing count is even lower than December, but the decrease in the number of closed sales has caused the inventory to rise slightly.
The inventory of homes for sale was 5.2 months in December 2012, 6.8 months in January of 2013 and 7.8 months in January of 2012. We have clearly bounced back into a stronger buyers market.
The average sales price is up slightly at $204,300 in comparison to $200,700 In December of 2012.
As I have been warning anyone who is thinking about selling a home, inventory number will most likely begin to rise between now and June. This means more competition for your home. If you want to sell your home, don't wait until Spring, Right now is when you want to hit the market. Waiting could cost you both time and money.
Have An Awesome Week!
THIS WEEKS HOT NEW HOME LISTING!
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84955 Spencer Hollow Rd
Relaxing Retreat! Secluded wooded property offers huge maintenance-free composite deck, large backyard, fire pit, 24x24ft shop, dog run with kennel & oversized 2-car garage with finished attic. Light & bright, great room with fireplace, bay window &...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
