In May, 2009, the inventory of homes for sale in Eugene, OR's SANTA CLARA neighborhood declined dramatically from the high recorded in May, 2008.
The number of active listings declined 34% from 2008 (and was also 23% lower than in 2007).
This is great news for SANTA CLARA sellers. A decline in inventory is a necessary first step toward stabilized prices (and, later, increased confidence and increased sales) .
However, this trend was partially mitigated by the fact that the number of closed sales in the SANTA CLARA neighborhood stayed level in May, compared to the prior year.
Of course, the inventory level (number of active listings) remains higher than during the unprecedented 2004 - 2005 boom period.
SANTA CLARA home sales in May (23) were well below the average for the 2002-2005 period (38).
However, the real new is: The inventory domino has fallen.
(This chart derived from data published by Portland RMLS by Jim Hale, Principal Broker, ACTIONAGENTS.NET)
 |
|
|
Principal Broker. Graduate, REALTOR Institute, e-PRO. Twelve years experience in Lane County real estate. Specializing in North Eugene (97401, 97402, 97404, 97408), West Lane and South Lane.
The Case-Shiller Index shows Good News for Home Prices for the second straight month.
Here's that Photo. Still Speechless Sunday. Saturday's over.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Hi all. Ordinarily he was insane, but he had lucid moments when he was merely stupid. Help me! I can not find sites on the: Credit rating score range. I found only this - best Credit report score. A credit score indicates to lenders how likely you are to pay or default on a loan. Having a low credit score is bad because you. With respect :eek:, Kalei from Laos.