The numbers are in!
Good Monday Morning!
The numbers are in for August 2012 home sales in the Eugene and Springfield area and they support a continued upswing for our local Real Estate market.
Home sales for August of 2012 were up by 30% over August of 2011 and up by 13.1% overy July of this year. August home sales at 365 was the best single month for home sales in five years.
There are currently 368 pending home sales and this is up by 9.5% over August of 2011. This indicates the potential for another strong month of home sales for September.
New home listings were down from July of this year by 13.7% and also down from August of last year by 5.7%. The combination of stronger home sales and fewer homes coming on the market have lead to a reduction in the months of active home inventory, which now stands at 5.1 months. This has clearly crossed into the category of a sellers market. Remember, more than 6 months of inventory is a buyers market and less than 6 months is a sellers market.
The average time it took a home to sell in August of 2012 was 106 days. This is compared to 135 days for the same time period in 2011.
The average sales price in the Eugene and Springfield area now stands at $208,600.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTINGS!
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1170 Echo Hollow Rd
Tons of ageless and modern charm! Featuring hardwood floors, high ceilings, large windows and nice updates on a well-sized lot. Living room with fireplace, built-ins, family room with double doors, dining room with storage and slider. Large updated ...
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2434 Royalann Ln
Beautiful home in Cherry Hill Estates. Features gorgeous wood floors and great separation of space. Living room with fireplace, large kitchen with granite counters, eating bar & pantry. Large master suite with walk-in closet plus bonus room! Family ...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
