Florence is Buyers Market!

As of this posting, Florence inventory has risen to 473 residential properties with an average asking price of $278000 and an average DOM of 300.

In the preceeeding 30 days we are down to 10 closed sale and an average sale price of $169,000.

Note: In a small market like Florence, average sales price can vary greatly. All it takes is for a lakefront or oceanfront home to sell at a million, and the 10 sales average is drastically changed.

For example, a 2 month snapshot of average sales prices indicated $194,000. A 3 month look would reveal $207,000 and a 6 month search would turn up $217,000 average sale price).

Of the residential properties that sold in the last 30 days, the average DOM was 152. They sold because a few real estate practitioners rose above the "list at any price" brainwashing and actually got the asking price close enough to matter!