Florence Market Slowdown

As of this post we have 390 residential properties on the market in the Florence area at an average asking price of $294,000 with days on market being 363. The median asking price was $250,000.

In the last 30 days we have had 9 sales with an average sale price of $179,000 and a median sale price of $165,000.

As time goes on, sellers are loosing between 12-15% in value/ year. I hope that my peers renew their efforts to price property correctly based on a thourough CMA.

The pent up demand to sell, makes for perfect opportunity to buy in Florence oregon now with the aid of a knowlegable buyers broker who can advise you as to what someting is actually worth.