The Numbers are in: November 2013
Good Monday Morning!
The Real Estate market in the Eugene and Springfield area remains improved over 2012, but activity has slowed some and the active inventory has now hit 6 months. This means that we are currently sitting on the fence between a buyers and sellers market. The first quarter of 2014 will give us a good indication of where our local housing market is going to be headed long term.
Real estate activity in Lane County continued its seasonal cooling this November, but numbers are still up for the year. Pending sales (251) decreased 14.9% compared to October, but bested the 244 accepted offers from last November by 2.9%. New listings (269) fell by 27.3% compared to October but are 4.7% ahead of last November. At 238, closed sales dropped 21.5% compared to October and dropped 1.2% compared to last November. Florence had the best November for closed sales (30) since RMLSTM started recording data in 2007!
Total market time decreased slightly to 102 days in November, and inventory rose to 6.0 months.
Year-to-Date Summary
The 5,376 new listings represent a 15.1% increase over the 4,669 entered
in the same period of 2012. There have been 3,607 pending and 3,184 closed sales through November 2013, up 13.3% and 15.5%, respectively, from 3,184 pendings and 3,037 closed sales by November 2012.
Average and Median Sale Prices
The average price through November is $225,900, up 12.4% from this time in 2012, when the average was $201,000. In the same comparison, the median price increased 13.0% from $177,500 last year to $200,500 this year.
Have An Awesome Week!
  |
325 22ND ST
Wonderful Updates and Features! Adorable home updated from floor to ceiling, laminate wood floors, tile shower with body jets, large master suite upstairs. Living room with fireplace, updated kitchen with dining area and slider. Attached 1-car garag...
|
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
