Monday, October 3, 2016

FLORENCE OREGON FALL HOUSING MARKET UPDATE


As of this posting, inventory is at 202  active residential listings. The Florence Oregon home market has a median asking price of 279000 with 158av/ 101average days on market).

In the last 12 months we have sold 468 homes at a median sale price of $218000 and 147 CDOM  (cumulative days on market) and 71 median CDOM.

In the last 6 months we have sold 254 homes at a median sale price of $219000 with 105av /46 median CDOM.

In the last 3 months we have sold 134 homes at a median sale price of $220000 with 115av/46 median CDOM.

The last 30 days have netted 41 sales at a median sale price of $215000 with 91 av/ 46 median CDOM although a 30 day snapshot cannot be counted on as a reliable indicator. 


All in all we have a very tight market and limited inventory .

Foreclosures and distressed sales are few and far between.  It appears that any new listings are being taken now at much higher prices than in the past. 

There is only one way to make sure you are getting the best value whether buying or selling. Be sure work with a local, knowledgeable Broker and make sure your offer or list price based on a thorough CMA completed by your agent. Call a local experienced real estate broker today!

 

1 Comments:

At January 30, 2017 at 5:43 AM , Blogger Hristo Yanev said...

Hi guys,
Thank you so much for this wonderful article really!
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