Monday Morning Real Estate Update 1/9/07
Monday, January 8, 2007
Good Monday Morning!
Rain, Rain and more Rain! The Coburg Hills did look gorgeous though with their blanket of snow.
The November statistics are in and the inventory of homes on the market in the Eugene and Springfield area has risen to 4 months. At the same time in November of 2005 the average time on the market was 2.6 months. What this means is that at the present sales rate, it would take 4 months to exhaust the present inventory of homes for sale. The average sales price jumped from $205,000 to $225,000 in the same time period. This is an increase of 13.4%. The average time on the market was 59 days in comparison to 41 in November of 2005.
Look for home sales activity to be more active in January and February of 2007. If you are considering the sale of your home, don't miss this window of opportunity. It could change significantly as Spring and Summer arrive.
Have An Awesome Week!
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand