Florence Asking Prices In Downward Trend

During the 30 days preceding this posting, 17 residential sales took place with an average sale price of $191,000. Currently we have 473 residential listings with and average asking price of $258,000 and an average time on market of 290 days.

It is clear that other Oregon communities are pricing their inventory much closer to the actual sales price with more than 3 xs the actual sales percentage results as compared to Florence area real estate practitioners. The “list at any price mentality” is a real problem in Florence and is causing true financial damage to Florence homeowners in a decling market.

The good news is that there are a handfull of real estate of practioners that understand this market and can quickly acertain what something is really worth, and therefore save you time and money.