Eugene RMLS Market Action Report – August 2008
The Regional Multiple Listing Service released the Market Action Report this week and the median sale price for August 2008 was $216,000 this is a 8.1% decrease from the median sale price for August 2007.
The Eugene residential real estate market peaked in June 2007 with a median sale price of $243,300. Prices have now fallen 11.2% from that peak.
Months of supply (total inventory/monthly sales) sits at 8.1 months compared to the 5.1 months of supply for the same month last year. A balanced market has about 7 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. There are currently 2,575 homes for sale; this is an increase […]
Original post by noreply@blogger.com (Clint8200)
