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Made some changes to the charts to make it easier to see trends as well as changes in variation; change is definitely apparent.
List to sold ratios continue their long-term decline. Down in 2012 from 2011; down the last 3 months as we near the fourth quarter a time when, since 2007 (except 2009) they drop even further. 2012 has already seen the lowest list to sold ratios since the beginning of this project in 2007. If the 4th quarter trend repeats expect even lower ratios and consequently lower inventory levels in the months to come in central Oregon.
Getting back on my variation soap box again, variation has drastically decreased as well, meaning our little Real Estate process here in Central Oregon is getting closer and closer to some semblance of predictability, at least for now anyway J
I completed the July Sales data but didn’t report it. If you have time, wander over to the website and check it out. July sales were pretty impressive. I don’t usually get real excited about monthly reporting because they can be so see-saw; instead we have strong looking upward trend.
The table shows a strong 3rd quarter for appreciation so far in average, median and price/ sq ft price measures.
For a more comprehensive understanding of our market see additional charts and tables covering inventory, sale and list prices etc.:
Also now on: