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Monday Morning Real Estate Update 1/15/07

Monday, January 15, 2007
by Galand Haas

Good Monday Morning!

The white stuff just keeps hanging around!  It's been many years since we have had snow on the ground for this length of time in the Eugene and Springfield area.

The Real Estate market here remains level.  There really has been little change for the past few weeks with the total number of homes on the market and the average number of days it currently takes homes to sell.  Compared to many other parts of the country the Real Estate market here looks very good.  Don't look for any huge changes over the next few weeks.  For home sellers there is a good window of opportunity to sell from now through April.  Typically, we will see the number of homes for sale increase significantly as Spring nears.  This could make for a much more competitive market and softer sales prices this year.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 12/18/06

Monday, December 18, 2006
by Galand Haas

It was sure nice to see the sun this past weekend.  It helped make up for the storm that hit us earlier in the week.

The numbers are in for October and it looks like the Real Estate market in the Eugene and Springfield area is not as poor as many would like to think.  There were 603 new listings that hit the market compared with 524 for October of 2005.  There  were 370 homes that hit pending sale status and this is compared to 427 for October of 2005.  There was 386 closed home sales and this is compared to 455 for October of 2005.  The average sales price was $259,400 compared with $243,400 for October of 2005.  In October of 2005 there was 2.8 months of inventory of homes on the market and for October of this year that inventory number was 3.8 months.  Remember, the market technically shifts from a sellers market to a buyers market at 6 months of inventory.

Year to date new listing have increased by 12.1% and closed sales have decreased by 8.5%.  The interesting fact is that with the slight market downturn, home prices continue to escalate.

Have An Awesome Week!

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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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