Karen Church, www.eugenehomesgal.com, and your Lane County "Go To" gal is here to report on the current Market Share Stats of the Greater Lane County area. What a great opportunity for sellers to be a part of this amazing company which is currently using national advertizing to bring in buyers.
Definition of % Market Share - the percentage obtained by dividing the number of properties sold within an individual neighborhood in a given time period by the total number of properties sold throughout the Greater Lane County market during that same period. Also known as market share.
RE/MAX is again leading the way in this Real Estate market with 16.18% of the market share. Following in second is Windermere with 12.82% and Prudential at 11.45%. Keller Williams is trailing with 9.47% followed by John L. Scott at 7.24% and Barnhart at 3.24%. This means that out of the 204 units sold here at RE/MAX there has been a closed volume of $46,346,821. This is great!! It demonstrated that the agents here are getting homes sold for our RE/MAX sellers and finding homes for those RE/MAX buyers.
Average days of the market for April 2009 are 120 whereas in April 2008 there was an average of 86 days on the market. This also lends to the rise in months of inventory at current sales pace of 10.9 months vs. 9.5 last year. Average sales price is $229,999 down approximately $22,000 from a year ago.
While the stats are down, people here should know that this market closely resembles that of the 2005 market. Our numbers may be down, but on the whole, we are relatively stable. My goal would be to see more buyers going out and purchasing property. What a great time to buy.... in a down market.
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