Happy Fall days to you all! Are you ready for this month's Real Estate market update? I know I was! As the weather turns cooler (or usually turns cooler) the Real Estate market usually cools a little too and I'm always curious to see by how much. I was especially curious because I know that this past summer was a tough one for buyers. There were many instances when a house went pending in the blink of an eye or had multiple offers and well...there can be only one to actually buy the house. I knew that there were probably still people really itching to buy and take advantage of these lower interest rates and so I thought September would be a busier month than last year. I'm pleased to announce that I was correct! Here are the stats.
First let's look at the year overall. Comparing 2015 up-to the end of September to the first nine months of 2014 we're seeing really great improvement. Pending sales are up 30%, closed sales are up almost 29% and we have 10% more listing that we did at this point in 2014. Also, the average sale price has risen 3.5% up to $243,400 from $235,200 and the median has risen almost 5% from $210k to $220k. This is great growth, not to fast and not to slow.
Now looking at just September's numbers we're seeing that there were 31% more pending sales this year than September 2014. That's just 10% less than pending sales in August (see lots of people still buying!) Closed sales is high as well, 27% compared to last September and is down a mere 2% compared to August. New listings is lower than August by 21% but still an increase of 11.5% from September 2014. We only have 3 months of inventory on the market right now. This is low, even for September. The low inventory is why buyers are needing to act quickly when they see a home that meets their needs come onto the market. Also, surprisingly total market time has dropped again! August's average market time was 79 days. September's average lowered to 71!
Send me an email if you would like to see September's Market Action or to receive the numbers for a specific part of Eugene, Springfield or another area.
If you have been considering selling your house or another property now might be a great time! Are you curious what your property might be worth? I've created a page for you to fill out some basic information for me to put together a quick market analysis for you. It's completely free and can give you a rough idea of where you are at if you are thinking of selling or even refinancing.Check it out!
Don't worry buyers, I've been thinking of you too. I also created a page for you to get an automatic home search started. Are you thinking of buying in a few months or a year? You might just start watching the market now and get a feel for what's available in your price range. Who knows, maybe your dream home is for sale now! Fill out the form on this page to start an automatic home search that will be emailed to you whenever new properties come up that match your criteria.
As some of you might remember my daughter, Lumin, turned one last Friday. We had a pizza party for her and she was smiling from ear to ear the whole time. She also started taking her first steps last week! It's so fun to watch her take her tiny careful steps. Willie and I are looking forward to taking her to the pumpkin patch soon. I really love fall activities. A couple weeks ago we went for a hike along Brice Creek trail. It was beautiful and the timing was perfect. The leaves had changed colors but they were still in the trees. Are you looking for fun Halloween and Fall events to enjoy? There is so much going on it's hard to make time to enjoy it all! If you need ideas I have found this websiteto be very helpful.
This past weekend I made some Pumpkin Bran Muffins for an easy breakfast. Many of you shared with me as part of last month's give-away that your favorite thing this time of year is all of the different pumpkin spiced foods and drinks. These bran muffins turned out pretty tasty and I thought you all would enjoy it so here's the link to the recipe. Enjoy!
Speaking of last month's give-away the winner is, Kammi! Congratulations! Send me an email and we can make arrangements for your prize. That's all for now. I hope you have found this month's installment to be informative. Till next time, breathe, smile & buy real estate!
~ Christiana Dancer