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As of this posting, The Florence Area residential real estate market has the largest inventory of homes we have ever had. We have 526 Active residential properties for sale w an average asking/median price is $203000 and 179000 respectively. The average days on market is 277.
During the last 12 months, we have enjoyed 241 sales (20/mo) at a median sale price of $163000 with 265 DOM average.
During the last 6 months, 104 properties (17/mo) were sold at a median sale price of 158000 and 204 DOM
During the last month we have seen a slight bump in activity with 28 sold at a median sale price of $163000. In a small market it is impossible to take a 30 day snap shot, seriuosly.
Florence Oregon is a Buyer’s market and many excellent buys are to be had with the aid of a capable local Buyer’s broker!
At the end of the day, there is a good likelyhood that the current low interest rates will make up for any potential price drops.
