Monday Morning Coffee
Good Monday Morning!
It appears that on the national front, homes sales took a slight dip in the month of September. At the same time that homes sales slipped, the average sales price continued to trend upwards. The inventory of available homes also is continuing to decrease in many of the major national home market areas. Another interesting fact is that short sales continue to be strong in many market areas and that short sales averaged 13% lower in sales price than conventional sales.
Here in the Eugene and Springfield home market home sales were up and the average sale price was up as well. As with the national market, the inventory of homes for sale is down. Much of the decrease in inventory could be seasonal.
With the election only a few days away it will be interesting to see how the housing market responds after the election. Consumer confidence certainly continues to be an issue, so any results from this election that boost consumer confidence will certainly have an impact on the housing market both nationally and locally. Consumer confidence that the economy will improve soon will have a huge impact on housing.
Don't forget to vote "YES" on Measure 79 in Oregon. A "YES" vote stops the state's ability to exercise a Real Estate transfer tax. The last thing we need in this economy is another tax that will effect the housing market and homeowners.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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28292 Cantrell Rd
Acres of Seclusion & Mountain Views! Wonderful property with pond, gazebo, deck, greenhouse, shop, water feature and lots of storage! Home has an open floor plan, skylights, vaulted ceiling, large windows for amazing views, wood stove, kitchen with ...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
