Market Report - April 2013 Numbers
Good Monday Morning,
The Real Estate Market in the Eugene and Springfield area continues to heat up as you will see below. Overall, the market contnues to be a sellers market with low inventories. The one thing that we must keep in mimd though is that not all parts of the local Real Estate market are red hot. The upper end properties, prices over $400,000 and rural properties in general continue to see slower activity. Even in this market, we are finding that homes need to be priced right or they just sit. Here are the latest market statistics.
The Lane County market continues to have a strong showing in 2013. At 405, pending sales increased 22.7% over the 330 posted in April 2012 and 13.4% over March’s 357 accepted offers. There were 544 new listings, a 10.6% increase over the 492 entered in April 2012, and a 15.7% increase over the previous month. This month also saw 309 closed sales, a 30.4% increase over the 237 transactions last April, and a 11.2% increase over March’s 278 closed sales. Despite the increase in listing activity, inventory remains low, currently sitting at 4.5 months.
Have an Awesome Week!
THIS WEEKS HOT HOME LISTING!
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88604 Ermi Bee Rd
Wonderful Wooded Retreat! Surrounded by nature, this secluded 5 acre property offers lots of space and options! Granite, tile, skylights, vaulted ceiling, 4 decks, 3 sliders, beautifully landscaped grounds with water feature and pond, walking trails...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
