REO Pro - Real Estate Default Professionals

America's Largest Social Network for Default Real Estate Professionals

http://reopro.ning.com/page/buyer-direct

List to Sold Ratios Continue to Suggest Future Declines in Inventory

Current price stabilization is certainly a result of the list to sold ratio’s slow but steady decline that began drastically in 2009 blipped up just a bit in 2010 and has been on a slow but steady decline since. If the 15 month average list to sold ratio of 1.6 for all of Central Oregon holds we should expect further inventory reduction. Inventory reports will be complete in a week or two.

Based on results since 2007, we have past the “typical” season of increasing list to sold ratios which barely happened this year, adding further support to the possibility of continued inventory declines.

There are lots of outside positive and negative influences on our local market, which could sway our market any which way. These influences have been occurring all along with big headlines – positive and negative, doomsayers prognostications and cheerleaders proclamations, yet change in our market has been slow and steady (and darn near predictable!) which is a good thing in my book J

 

For a more comprehensive understanding of our market see additional charts and tables covering inventory, sale and list prices etc.:

http://www.centralorproperty.com/Central,ORTrends.html

Also now on:

http://centralorhomesales.com/inventory.asp

Views: 29

Comment

You need to be a member of REO Pro - Real Estate Default Professionals to add comments!

Join REO Pro - Real Estate Default Professionals

Send Invitations

Image and video hosting by TinyPic

© 2019   Created by Jesus (Jesse) Gonzalez.   Powered by

Badges  |  Report an Issue  |  Terms of Service