About Springfield's Thurston

What kind of financing is used for the purchase of single family homes in the

Is "all-cash" an important factor? Are most new loans conventional or FHA? How about federal VA? Do all other financing mechanisms (owner financing, lease-options, etc.) account for many sales?

Here is how the sales for single family homes in this RMLS market area break out for calendar year 2011 - by type of purchase made:

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN SPRINGFIELD, OR

IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

This November, the THURSTON bad news was that the average price declined...
and so did the number of sales.
But the GOOD NEWS is that inventory was down, matching that in place before the boom/bust.

So for the

THURSTON

RMLS Market Area, HERE ARE:

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of NOVEMBER

2001 - 2011:

And a decade of Average Prices for Closed Sales
for the

Months of NOVEMBER

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.

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN SPRINGFIELD, OR

IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

So for the

THURSTON

RMLS Market Area, HERE ARE:

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of OCTOBER

2001 - 2011:

Great News: Listing inventory and number of closed sales during the month for Thurston now stand where thery were ten years ago - in advance of the BOOM-THEN-BUST. Getting supply back into closer balance with demand is a prerequisite for arresting price decline.

And a decade of Average Prices for Closed Sales
for the

Months of OCTOBER

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.

THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN SPRINGFIELD, OR

IS TO COMPARE

THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS

So for the

THURSTON

RMLS Market Area, HERE ARE:

A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the

Months of APRIL

2001 - 2011:

And a decade of Average Prices for Closed Sales
for the

Months of APRIL

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.