Good Monday Morning!

It was a bit soggy over the weekend.  The good news is that the weatherman is predicting improvement this week and some sun.

The numbers are in for our December Eugene and Springfield Real Estate market.  Yes, the market appears to continue it's slide, but with a little less steam.  Closed sales for December of 2010 were down 6.1% from December of 2009, while Pending sales were off only 2.2% for the same time period.  Closed sales were off just under 1% from the previous month while Pending sales were off by 13.2%.  New listings took a sharp decrease and were down 25.2% from the previous month.  The average sales price continued to drop and was down 6.7% from December of 2009 and now stands at $205,800.  There is currently 8.1 months of active home inventory, which indicates that we are clearly remaining as a buyer's market.  

The good news is that our market decline seems to have slowed some.  National economists predict that the housing market will continue it's decline over the first 3 quarters of 2011.  If the trend holds and the decline is low then the overall impact to our market may be minimal and hopefully we will see bottom sometime this year.  With mortgage interest rates remaining very low the opportunity for home buyers just continues to improve.

Have An Awesome Week!


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3105 Herald Lane
Price: $575,000 Beds: 4 Baths: 2 ∏ Baths: 1 Sq Ft: 3507
Gorgeous luxury home featuring open design, vaulted ceilings, granite counters, Brazilian cherry wood floors, formal dining, office/den, lg kitchen & great rm, upstairs master suite, lg bonus & garage w/ options. Kitchen incl. cherry cab., gas, appl...