As in many areas of the county, state, and nation, the available residential inventory in
Eugene's Bethel - Danebo Market Area
is currently several times that experienced in the boom of 2004-2006.
But Bethel - Danebo continues to carry one of the county's lowest inventory levels.
(Here monthly available inventory is computed by dividing the number of listings active at the end-of-month by the number of sales closed during the month.)
The housing bubble of 2004-2006 shows clearly (in green) on this chart.
The relationship of sales within the month to the total number of homes available for sale at the end of that month reached a remarkable 1 to 1 ratio in the months of June and July 2005.
Throughout the two-year sellers' market the ratio exceed 2.5 to 1 only in the dead of winter.
The boom sellers' market was preceded and followed by a transition balanced market
(shown in white above) in which the ratio varied between 2.5 and five months.
The current buyer's market (shown in bllue and grey) began in earnest in July, 2007.
Hopefully, the inventory reached
its worst ratio in January of 2009 -- a truly historic level of 17.3 months of available homes.
As you will see from future posts, this basic pattern can be found in data from
other Lane County market areas.
But Bethel-Danebo remains one of the county's best places to be selling a home in 2009.
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