THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN
NORTHEASTERN LANE COUNTY'S MCKENZIE RIVER VALLEY
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
The McKenzie Valley continues to be a severe buyer's market.
The single home sold in the MLS this December matched the dismal number from 2008.
The average sales price is down drastically.
But the killer stat is still inventory - which continues at a high level.
Even worse: only the low end is selling.
So for the
MCKENZIE RIVER VALLEY
RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of DECEMBER
2001 - 2011:
And a decade of Average Prices for Closed Sales
for the
Months of DECEMBER
2001 - 2011:
These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
***********************
Jim Hale
Principal Broker / Owner
Graduate, REALTOR Institute e-PRO
2012 Member, Million Dollar Club of Lane County
2012 Member, Real Estate Brokers Million Dollar Club
actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962
Office: 541-484-0219
Direct: 541-543-9991
Fax: 541-485-8068
Eugene Oregon Homes / Real Estate jim@actionagents.net
All statistical market data is based on information from the RMLS of Oregon for the dates indicated.
© 2012 All Rights Reserved / Licensed in the State of OREGON
Jim: Excellent point....this is the most important stat and a year to year comparison for several years in a row is a great way to capture the big picture of the market!