Oregon Coast MLS data ~ September 2010

Florence Oregon is putting up a fight. That is as outlined by Oregon RMLS statistics. As per RMLS a few regions of Florence are actually seeing a pick up in the real estate market. Will there be light at the end of this real estate tunnel? Not to be mistaken I must mention that the Florence region as a whole had decreased 13.6% on average in property sales value, however the Dunes City area saw a notable 9.7% gain during the last year. Florentine had a little boost at .8%. Who received a full blown punch during the last 12 months? That would be Mapleton, down a massive 50%! Investor alert!!! Data is showing me that there must be a number of bargains in the small unique community.
In accordance to statistics provided by RMLS in Oregon closed sales in Lane County were down 20.5% this September when compared with September of 2009. New listings dropped 13.1% and even worse, pending sales slipped 31.7%. At the pace of September’s sales rate Lane County might have 10.4 months of inventory. That may seem like dismal news, until you look at the 14.1 months of inventory we saw in the marketplace in January 2010. While sales are down, pendings are down, and yes new listings are down too there is some parallels. The total days on market for properties listed (The list date until the day the house went pending) remained exactly the same; at 119 days on market. The time of the 3 month listings are now gone. All of those sellers out there please take note… The normal property on the market in Lane County will need 4 months to obtain an offer! That's average. The higher priced home when compared with your competitors the less “average” you will be.

To learn more about MLS stats, Florence Oregon Real Estate, or the Eugene market visit: http://www.ranstadgroup.com/

Eugene Oregon Real Estate