The Numbers are in: December 2013
Good Monday Morning!
The statistics are in for December 2013 home sales in the Eugene/Springfield and surrounding areas. As you will see the market continues to slump, which is most likely seasonal. The good news is that the overal market was up significantly from December of 2012. We continue to be in a strong sellers market with only 4.4 months of inventory. As I have said repeatedly, if you are considering selling your home, don't wait until Spring. Take advantage of this current sellers market and get your home listed soon. Here are the numbers.
December Residential Highlights
Closed sales increased this December in Lane County, but other measures continued their seasonal decline. The 270 closed sales represented the best December in Lane County since 2006, when there were 281 for the month. Florence again bested previous Decembers— the 32 closed sales bested the closest month (December 2009) by nine! Pending sales (173) declined by 31.1% from November (251) and 12.2% compared to December 2012 (197). New listings (175) decreased by 34.9% from the previous month (269) and by 2.8% compared to the same month last year.
Total market time rose slightly to 115 days in December, and inventory lowered to 4.4 months.
Year-to-Date Summary
The 5,560 new listings represent a
14.4% increase over the 4,861 entered in the same period of 2012. There have been 3,765 pending and 3,792 closed sales through the end of 2013, up 11.8% and 14.9%, respectively, from 3,367 pendings and 3,300 closed sales by December 2012.
Average and Median Sale Prices
The average price through December is $224,900, up 11.9% from this time in 2012, when the average was $200,900. In the same comparison, the median price increased 12.4% from $178,000 last year to $200,000 this year.
Have and Awesome Week!
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
