(EDITORIAL NOTE: YES, I KNOW IT'S NOT YET THE END OF THE MONTH. THIS IS A PROTOTYPE POST. THE CHARTS WILL BE UPDATED ON OR ABOUT JUNE 1....JIM)
What's really happening to homes for sale in Eugene, Oregon's
RMLS market area?
Just how big a factor are distressed properties?
is made up of Bank-Owned (i.e. foreclosed) homes for sale?
How many real estate listings are Short Sales?
How many are good-old, true-blue Regular Sales?
How much of the "active" inventory is really made up of those confusing "submitted" Short Sales - those that are truly pending but hiding amidst the officially-reported "active" inventory? Those that have been submitted to the underlying lender for short-sale approval....and which are, for most purposes, not really available for sale?
Here is the hard data from the Regional Multiple Listing Service:
Here are the Closed Sales numbers for the last many months for the
RMLS Market Area
Here's what's reported as "Active":
Here's what's really active:
Currently, NORTH GILHAM has:
a 8.1-month inventory of Regular Listings
a 1.5-month inventory of Bank-Owned Listings
a 6.0-month inventory of Short Sale Listings.
Principal Broker / Owner
Graduate, REALTOR Institute e-PRO
2015 Member, Million Dollar Club of Lane County
All statistical market data is based on information from the RMLS of Oregon for the dates indicated.
© 2014 All Rights Reserved / Licensed in the State of OREGON