Monday Morning Coffee
Good Monday Morning!
It looks like Indian Summer is taking hold this week in the Eugene and Springfield area. This is one of the greatest rewards of living here.
The statistics are in for home sales in the Eugene and Springfield market area for the month of September. Closed sales were up by 9.3% over September of 2010, while pending sales were down by 3.7% for the same time period. New listings declined over September of 2010 by 18.7%. Comparing September of this year to August of this year, closed sales fell 5.5% and pending sales dropped by 30.1%. New listing were also off by 22%. There is currently 7.7 months of home inventory on the market, which is 2.7 months less than September of 2010. The average sales price is $208,300, which is down by over $10,000 from September of 2010. The average time it took a home to sell was 132 days.
As you can see we have had several months of declining home inventory. This means that for anyone trying to sell a home the competition level is declining. My strong suggestion is that if you have a home that you are going to sell, get it on the market now and take advantage of this lower level of competition. Chances are that it will be short lived. Forget about the waiting until Spring notion. Inventories of homes for sale will be higher and prices will be lower.
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
