July 2012 - Numbers are in!
Good Monday Morning!
The statistics are in for what took place with the housing market during July of 2012 here in the Eugene and Springfield area. The numbers show that July was another improved month for home sales and that we are now in a several month trend for improved home sales numbers. The one part of the market that has not shown improvement is home values.
New listings were up in July by 5.3% over July of 2011 and 4.7% over June of this year. Pending sales also saw an increase and were up by a whopping 20.9% over July of last year and up 4% from June of this year. Closed sales were much stronger as they saw a 24.1% increase over July of 2011 and an 18.5% increase over June of 2012. Inventory improved as well with 5.9 months of active inventory. This is compared to 8.6 months in July of 2011 and 6.7 months in June of 2012. There were 1,839 active listings in July of 2012. The average time it took a home to sell in July of this year was 100 days. This compares to 135 days in June and 130 days year to date. The average sales price was steady at $206,200. In July of 2011 the average sales price was $226,200.
This is good news for a market that has been sliding. Hopefully this trend continues into the Fall months. The Fall of 2011 and 2010 saw a very slow market. The next 3 to 4 months will give a good indiction as to whether we are beginning the climb out of our depressed housing market in the Eugene and Springfield area.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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7925 South C St.
Serene country living close-in! Set high upon the hill, this cozy home has wonderful views of the mountains, trees and valley! The living room features a two-sided fireplace and vaulted ceiling with exposed wooden beams, plus large windows for lots ...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
