Florence OR Real Estate Bottoming Out?

As of this posting, we currently have 397 residential listings in the FLorence Oregon real estate market with a medin asking price of $179,000 and an average of
350 DOM (days on market).

In the last 12 months we have sold 270 homes at a median sale price of $157,000 and 240 average/143 medain DOM.

In the last 6 months we have sold 129 homes at a median sale price of $162,000 and 247 average/151 median DOM.

In the last 30 days we have sold 28 homes at a median sale price of $172,000. A 30 day snapshot in a small market can vary widely and should not be relied on to predict the future!

It feels to me like we are nearing or possibly at the bottom. I beleive this is an excellent time to purchase with record low prices and low interets rates. The secret to success is to work with a local experienced buyer's broker.

Florence Market Still Tenative

We currently have 388 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)and 274 median days on market.

In the last 12 months we have sold 254 homes at a median sale price of $159,000 and 232 average/140 median DOM.

In the last 6 months we have sold 136 homes at a median sale price of $155,000 and 231 average/151 median DOM

The last 30 days we have sold 19 homes at a median sale price of $156,000. As usual, a 30 day snapshot in a small market can vary widely.

The above data tells me that there is slight bump in activity (over the course of the last year) but median sales prices are trending lower. Because the Florence Oregon coast market historically lags behind other areas of the country, it is important to continue to use realistic pricing if you are serious about selling.

Interest rates continue to hover near an all time historic low. Florence Oregon real estate offers many opportunitie to purchase a home far below cost, if you are working with a knowledgeable Buyer's Broker!

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.