Florence Oregon is putting up a fight. That's as outlined by Oregon RMLS data. Based on RMLS a few regions of Florence are seeing a pick up in the real estate market. Is there light at the end of this real estate tunnel? Not to be deceptive I must mention that the Florence region in general had dropped 13.6% on average in house sales value, however the Dunes City area observed an impressive 9.7% gain during the last year. Florentine had a small boost at .8%. Which community received a full blown punch over the last 12 months? That has to be Mapleton, down a monstrous 50%! Investor alert!!! Stats are informing me that there should be some bargains in the little charming community. According to figures given by RMLS in Oregon closed sales in Lane County ended up down 20.5% this September in comparison to September of 2009. New listings declined 13.1% and worse yet, pending sales dropped 31.7%. At the pace of September’s sales rate Lane County could have 10.4 months of supply. That might seem like uninspiring news, until you look at the 14.1 months of supply we saw on the market in January 2010. While sales are down, pendings are down, and yes new listings are down too there's commonalities. The total days on market for homes listed (The list date until the day the house went pending) remained the same; at 119 days on market. The days of the 3 month listings are now long gone. All you sellers out there please take note… The normal house available on the market in Lane County will take 4 months to get an offer! Which is average. The more expensive priced you are in comparison to your competition the less “average” you might be. |
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