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As of this posting, we currently have 318 residential listings in the Florence Oregon real estate market with a median asking price of $199,000 and an average of 369 average DOM (days on market).
In the last 12 months we have sold 312 homes at a median sale price of $156,500 and 288 average CDOM (cumulative days on market).
I the last 6 months we have sold 143 (down form 171) homes at a median sale price of $160,000 and 285 average CDOM and 165 median CDOM
In the last 30 days we have sold 21 homes at a median sale price of $170,000 and 199 CDOM. A 30 day snapshot in small market is not a reliable indicator of the future.
All in all, the inventory has not changed much in the last 2 months. One year running average list prices are down $10,000. On the other hand, a six month running average of median sales price are up $5,000 while the number of sales is down.
Other parts of the State definitely are showing increased sales and prices. Florence normally lags behind other areas in Oregon by about a year. I still believe that those that buy a home now will not regret it a few years from now. NOW is the time to buy as the rainy season is still here and many sellers are tired of postponing their dreams.
Do let this time and market slip by. Call a local experienced buyer’s broker today!
