Florence OR Real Estate Market Update

By
Real Estate Agent with Windermere Real Estate/Lane County 800200237

As of this posting we have 442 residential listings in the Florence Oregon real estate market with a median asking price of $180,000 and an average of 334 DOM (days on market).

In the last 12 months we have sold 240 homes at a median sale price of $163,000 and 216 DOM.

In the last 6 months we have sold 142 homes at a median sale price of $168,000 and 207 DOM.

The last 30 days we have sold 17 homes at a median sale price of $125,000. As usual a 30 day snapshot in a small market can vary widely. Last month the median sale price was $155000.

The above data tells me that sellers and there agents enjoyed a small run in activity that has now fallen flat with lower recent median sales prices and far fewer units being sold. Agressive pricing by sellers and their agents is a must if a seller wants to sell in this economy.

With interest rates at an all time historic low, this is a great time to purchase a home if you are working with a knowledgeable Buyer's Broker

Past blog posts regarding the Florence OR Real Estate Market Update can be located here.

Comments (1)

Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

I would agree, we had a pretty good run here for awhile! Seems that everyone is slipping into holiday mode.

Nov 29, 2011 11:03 AM