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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:

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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
For the last four years, December has found West Eugene with sales lower than during the boom - but similar to ten years ago. But this year inventory jumped down drastically.
That should have made average price hold steady. Instead it dropped.
Here for the
WEST EUGENE
RMLS Market Area, 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 Homes in Eugene, Oregon 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 for homes sold would make for a better comparison but is unavailable from RMLS.
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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
This November, West Eugene inventory jumped down to pre-boom/bust levels.
But closed sales came in at only a very low level.
Even so, average price came up somewhat - but on a small number of sales.
Here for the
WEST EUGENE
RMLS Market Area, 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 Homes in Eugene, Oregon 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 for homes sold would make for a better comparison but is unavailable from RMLS.
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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
So for the
WEST EUGENE
RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of OCTOBER
2001 - 2011:

And a decade of Average Prices for Closed Sales
for Homes in Eugene, Oregon for the
Months of OCTOBER
2001 - 2011:

The decline in inventory is a positive trend...but it has clearly not yet arrested the fall in prices.
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 for homes sold would make for a better comparison but is unavailable from RMLS.
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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN EUGENE, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
So for the
WEST EUGENE
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 Homes in Eugene, Oregon 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 for homes sold would make for a better comparison but is unavailable from RMLS.
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