JUNE MARKET UPDATE for FLORENCE, OR

As of this posting, inventory is at 207 active residential listings. The Florence Oregon home market has a median asking price of $469000 with 62 median cumulative days on market.

In the last 12 months we have sold 522 homes at a median sale price of $235,000 and 55 median CDOM (cumulative days on market).

In the last 6 months we have sold 224 homes at a median sale price of $243,500 with 48 median CDOM.

In the last 3 months we have sold 102 homes at a median sale price of $250,000 with 33 median CDOM.

The last 30 days have netted 34 sales at a median sale price of $276,500 with 15 median CDOM although a 30 day snapshot is not a reliable indicator.

The tremendous jump in asking price is because lower end inventory is non existant and many of the higher end left homes from the recession are giving it a try. As prices are going up the numbers of closed sales are dropping while the prices are edging up 15-20k since the December report. The jump in the 30 day median sales price is largely the result of a single $1.425 million dollar sale.

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 local agent. Call a local experienced real estate broker today!