Wednesday, September 1, 2010

Florence Oregon is Buyer's Market!

As of this post we currently have 478 homes for sale at an average asking price of $231,000 and 342 days on market. The Median asking price is $212,000.

In contrast the Florence Oregon Market has yielded 167 sale year to date at an average sales price of $191,000 and a median sales price of $172,000 with 262 average days on market. That equates to a little less than 21 sales/month.

At the end of the day, many real estate practitioners are still missing the mark by as much as 19% when nationally the standard is to normally try to price a home within 10% of the actual sales price.

The really good news is that Florence OR is still one of the best places to retire to in the US and Florence is still a buyer's market if you are working with a knowledgeable buyer's broker.

While many homes are vastly overpriced, some are priced at or below market to make the sale before the winter season is upon us. Now is the time to buy!