Eugene RMLS Market Report – March 2008
The median sale price for March 2008 was $228,500 this is a 3.6% decrease over the median sale price for March 2007.The Eugene residential real estate market peaked in June 2007 with a median sale price of $243,300. Prices have now fallen 6.1% from that peak.Months of supply (total inventory/monthly sales) sits at 8.4 months compared to the 4.5 months of supply for March 2007. A balanced market has between 6 and 8 months of supply.The first graph compares the median and average sale price with the months of supply. Click on any graph for a sharper image.The second graph shows the total supply of homes available for sale. This is simply a calculation of the months closed sales multiplied by the months of supply.The third chart shows residential sales. 246 homes closed during the month compared to 347 the same month in 2007; a drop of 29%. The fourth […]
Original post by Clint8200
