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As of this posting, Florence OR Home inventory is up to 408 while the cumulative days on market is increasing to 378 DOM. Additionally, the median asking price is up to $220,000 as compared with $205,000 a month ago.
The last 6 months have netted 124 residential sales with a median sales price 164,000.
The last 12 months netted 260 residential sales with a median sales price of $165,000.
In short the inventory and median asking price is increasing, while there is downward pressure on actual sales price and an increase in market time.
When I think of the foolish asking prices on listed properties by my some of my peers, I am reminded of the American Idol ditty by a wise old man. “Pants on the ground, pants on the ground, looking like a fool with your pants on the ground”!
The good news is that while some properties are vastly over priced, there are some properties priced at today’s market value.
If you are actively seeking a great buy in the Florence Oregon real estate market, the secret is to find an experienced local Florence Oregon Real Estate Broker today.
I have over 30 years local experience and encourage you to pick up the phone to day!
