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!