Florence OR Real Estate Sales Price Decline

As of this posting, the Florence Oregon residential inventory has increased to 483 residential listings with an average asking price declining slightly, to $242,000 and the median asking price declining to $222,000.

During the last six months, the Florence OR residential home sales price declined to an average $190,000 and a median sales price of $160,000 for 122 sales.

What appears to be happing is that all the old expired properties that are out there, are returning to the market after much resistance to price change by sellers. Many sellers are finally starting to realize that the market is not going to turn around any time soon.

While many of the Florence OR homes are overpriced, there is substantial opportunity to make a great buy by working with a knowledgeable Buyer’s Broker!