Latest Florence Market Update!

As of this posting we have 395 residential listings in the Florence Oregon real estate market with a median asking price of $179,000 and an average of 357 DOM (days on market).

In the last 12 months we have sold 242 homes at a median sale price of $160,000 and 221DOM.

In the last 6 months we have sold 137 homes at a median sale price of $160,000 and 231 DOM.

The last 30 days we have sold 17 homes at a median sale price of $115,000. As usual a 30 day snapshot in a small market can vary widely.

The above data tells me that there is still a lack of consumer confidence reflected in lower median sales prices and longer DOM. Agressive pricing by sellers and their agents is still the key to a timely sale.

Interest rates continue to fall to an all time historic low. Florence Oregon real estate offers a once in a lifetime opportunity to purchase a home far below cost, if you are working with a knowledgeable Buyer's Broker!

Florence OR Real Estate Sales Falling

As of this posting we have 442 residential listings in the Florence Oregon real estate market with a median asking price of $180,000 and an average of 334 DOM (days on market).

In the last 12 months we have sold 240 homes at a median sale price of $163,000 and 216 DOM.

In the last 6 months we have sold 142 homes at a median sale price of $168,000 and 207 DOM.

The last 30 days we have sold 17 homes at a median sale price of $125,000. As usual a 30 day snapshot in a small market can vary widely. Last month the median sale price was $155000.

The above data tells me that sellers and there agents enjoyed a small run in activity that has now fallen flat with lower recent median sales prices and far fewer units being sold. Agressive pricing by sellers and their agents is a must if a seller wants to sell in this economy.

With interest rates at an all time historic low, this is a great time to purchase a home if you are working with a knowledgeable Buyer's Broker!

Home Price Declines Are Slowing

As of this posting we have 479 residential listings in the Florence Oregon real estate market with a median asking price of $177,000 and an average of 300 DOM (days on market).

In the last 12 months we have sold 241 homes at a median sale price of $163,000 and 221 DOM.

In the last 6 months we have sold 134 homes at a median sale price of $159,000 and 190 DOM.

The last 30 days we have sold 27 homes at a median sale price of $155,000. As usual a 30 day snapshot in a small market can vary widely. Last month that number was $170,000.

With interest rates at an all time historic low, this is a great time to purchase a home if you are working with a knowledgeable Buyer's Broker!

Florence OR Real Estate Activity Up!

As of this posting, the Florence Oregon MLS Shows that we have 513 homes on the market at a median asking price of $170000 and 291 DOM average.

During the last 12 months, our Board has closed 239 sales at a median sale price of $163000 and 241 DOM.

During the last 6 months our Board closed 123 properties at a median sale price of $164700.

During the last 30 days, sales have sloed to 19 sales/mo but the median sale price has crept up to $170,000. A 30 day snapshot in this tiny market, should not be taken to seriously.

The last 30 days showing activity in the Florence OR area is up but Statewide lock box activity is down 3.4%.

If you are looking for a Buyer's Broker with over 30 yrs local experience in the Florence Oregon market, give me a call today at 541-999-0511!

Florence OR Home Prices Creep Lower

As of this post the Florence Oregon RMLS shows that we have a 532 home inventory at an avereage and median asking price of $203000 and $163000 respectively, with 281 cumulative days on market.

During the last 12 months, we have closed 231 sales at a median sale price of $163000 and 255 CDOM average.

During the last 6 months, 104 properties sold at a median sale price of $161,000 and 212 CDOM.

During the last 30 days we have sold 20 homes with a median sale price of $156,000 w 214 CDOM. A 30 day snapshot is of little value in a small market.

Florence Oregon offers great buying opportunities if you area working with an experienced Buyer's broker.

Florence OR Real Estate Market Update!

As of this posting, The Florence Area residential real estate market has the largest inventory of homes we have ever had. We have 526 Active residential properties for sale w an average asking/median price is $203000 and 179000 respectively. The average days on market is 277.

During the last 12 months, we have enjoyed 241 sales (20/mo) at a median sale price of $163000 with 265 DOM average.

During the last 6 months, 104 properties (17/mo) were sold at a median sale price of 158000 and 204 DOM

During the last month we have seen a slight bump in activity with 28 sold at a median sale price of $163000. In a small market it is impossible to take a 30 day snap shot, seriuosly.

Florence Oregon is a Buyer's market and many excellent buys are to be had with the aid of a capable local Buyer's broker!

At the end of the day, there is a good likelyhood that the current low interest rates will make up for any potential price drops.

Florence Market Activity Spike!

As of this posting we have 478 active homes for sale at a and average price of $210000 with an average cumulative days on market of 270.

In the last yr, we've had 233 closed sales or 19 sales/mo @ a median sale price of $165000. In the last 6 mos, we've had 96 sales or 16 sales per month at a median sale price $160000.

We have a had a spike in activity during the last few weeks since the sun has come out and look forward to the showings and pendings, converting into closed sales!