Statistics in for July Home Sales
Good Monday Morning!
The statistics are in for July home sales and it shows little change with the Real Estate market in the Eugene and Springfield area. For July of 2011 closed sales were actually up by 15% from July of 2010, but down by 14.8% from June of 2011. Pending sales were also up from July of last year by 7.9%, but were also off from June of this year by 9.4%. If you compare the time period of January through July of 2011 to that same time period in 2010 closed sales dropped by9.3%. There was 8.6 months of active home inventory on the market in July of this year and that is in comparison to 7 months for the month of June. The average time it took for a home to sell in July was 128 days.
If we compare the Eugene and Springfield market to the national market it is holding very close to national trends. Most economists are predicting another year or more of this same kind of market and a potential for market declines to last for up to two more years. Time will tell. The good news is that there are some great purchase opportunities in this market and mortgage interest rates continue to decline. We are in an extraordinary buyers market!
THIS WEEKS HOT HOME LISTING!
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447 Brookside Drive
Settle into this 2-level S. Hills home w/ outer rustic charm and relaxing feeling inside. Large windows allow for natural light & wonderful views of trees. Open living rm offers fp & deck, master ste offers 2 cl & private deck. Great separation of s...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
