Market Conditions Report - July 25th, 2011
Good Monday Morning!
Yeah! We actually had a Summer weekend here in the Eugene and Springfield area. I hope that you were able to enjoy it!
The market statistics are in for the month of June for home sales in the Eugene and Springfield and surrounding areas. Closed sales were down for June of 2011 from June of 2010 by 11.3% and pending sales for the same period were up by 0.7%. New listings declined for the same period by 17.7%.
Comparing June of 2011 to May of 2011, closed sales were up by 10.8%. For the same period pending sales decreased by 18.6%. New listing also fell by 5% from May to June of 2011. Currently there is 7 months of listing inventory on the market and the average time it took a home to sell was 132 days.
Over the past 12 months the average sales price has decreased by 6.5%. This indicates that the market remains in decline. My thought is that this trend will continue for no less than the rest of this year.
If you have not checked out the new Galand Haas Real Estate Teams Facebook Business page you need to do so. This page was built with home buyers, sellers and homeowners in mind. It is updated with new listings, market reports and general information on the Eugene and Springfield Real Estate market. Check it out at http://facebook.com/galandhaasteam While you are there make sure that you click on "LIKE IT".
Have An Awesome Week!
THIS WEEKS HOT NEW HOME LISTING!
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1004 54th Street
A great home on a spacious .99 acre dividable lot! 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. Rel...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
