Friday, April 4, 2014


As of this posting,  inventory has increased to 283 active residential listings in the Florence Oregon real estate market with a median asking price of $219000 and  with 293 average DOM (days on market).
In the last 12 months we have sold 389 homes at a median sale price of $170000 and 248 CDOM (cumulative days on market).
In the last 6 months we have slowed to 182 homes at a median sale price of $176000  and 260 average CDOM. The last 6 months of 2013 were strong however, the activity since the 1st of the year has been slow.
In the last 3 months we have slowed to 90 sales at a median sale price down to $165,000 from  $205,000 in my last report.
The last 30 days have netted 37 sales at a median sale price of $174000. 
The good news is that the wet season is the best time of year to purchase when sellers and agents are hungrier for a sale.  Many sellers will become more optimistic in their pricing around the 3rd week of May with the beginning of our annual Rhododendron festival and our sunny season. Even though there are many properties grossly overpriced, there are still excellent opportunities for buying if you are properly represented with an experienced broker that understands the true worth of the property.
Do NOT make an offer without a thorough CMA being completed by your agent based on actual sales prices. Too many times CMAs include asking prices which can cause you to pay more than you should pay. Call a local experienced buyer's broker today!


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