Statistics for January Home Sales
Good Monday Morning!
The statistics are in for January home sales in the Eugene and Springfield area. January was an improved month for home sales if you compare it to January of 2011. Just remember that January of 2011 was one of the worst months for home sales in recent years. Closed sales were up by 28.6% over January of 2011 and pending home sales were up by 12.2% comparing the same time periods. The interesting thing is that home sales were down by 13.9% in January 2012 compared to December of 2011. January saw 198 homes sales and December had 230. Pending sales actually increased in January 2012 over December of 2011, which is a good sign. January had 249 pending sales compared to 228 in December. There is currently 7.8 months of active home inventory and this is considerably less than the 12.4 months of inventory we had in January of 2011. However, the 7.8 month of inventory in January is up from the 6.4 months of inventory we had in December of 2011.
All of this is good news because the market seems to be stabilizing somewhat at this time and not continuiing in free fall mode. Time will tell as to where the market is actually heading. I would say that the current market is very fragile and any bad economic news or mortgage interest rate increases could send it tumbling. For now though there is a bit of hope that we are on the road to recovery.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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4450 S. Shasta Loop
Stunning ICF-constructed, custom home! Enjoy media, family room, guest room and spa room! Great separation of space, skylights, fireplace, large kitchen with 2 sinks, pantry, lots of storage, and nook. Two bedrooms with in-room vanities. Master suit...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
