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Southwest Denver Market Conditions

by Mark Weisman

July's housing statistics for Eugene-Springfield indicate that home sales picked up, continuing a trend that we've seen for a few months. Home values were one part of the real estate market that hasn't improved.

Here are some key data points:

New listings increased by 5.3% in July  compared to July of 2011; this represents a 4.7% increase over June of this year.

Pending sales increased. They were up by a substantial 20.9% over July of 2011 and up 4% from June of this year.

Closed sales increased by 24.1% compared with July of 2011. This is an 18.5% increase over June of 2012.

There were 5.9 months of active inventory, compared with 8.6 months of inventory in July last year, and 6.7 months in June of this year.

July of 2012 saw 1,839 active listings while it took an average of 100 days for listed homes to sell. In June, the average days to sell numbered 135.  

$206,200 was the average home selling price; in July of 2011 the average sales price was $226,200.
These are positive indicators for a market that has certainly seen tough sledding. Let's hope it carries into the fall because the autumns of both 2011 and 2010 witnessed sluggish markets.
Stay tuned because the next quarter or two will reveal whether the Eugene-Springfield can be called "recovered."

Struggling to Meet Your Mortgage? Read This!

by Jack Russell

Need Help Making Your Mortgage?
Come to the Help for Homeowners Community Event on Tuesday, August 14th, 2012

If you or someone you know is struggling to make their monthly mortgage payments, than you may want to attend a free event called Making Home Affordable on Tuesday, August 14th from 2:00 p.m. to 7:30 p.m. at the Lane Events Center.

If you can no longer stay in your home or you've been turned down for a loan modification, than you don't want to miss this opportunity to learn more about the foreclosure alternatives available to you.

Homeowners will have the opportunity to meet face-to-face with loan servicers and housing counselors. If you are interested in attending this event, please note you will need to bring the following documents with you:

*Income documentation or 2 months recent pay stubs
*2 most recent bank statements
*Evidence of mortgage trouble
*List of monthly expenses
*Last 2 years of tax returns
*Utility bill showing your name and property address
*Any documentation you have received on loan modification or request for mortgage assistance

Tuesday, August 14th, 2012
2:00 p.m. to 7:30 p.m.
Lane Events Center
796 W. 13th Avenue
Eugene OR 97402

For more information on this event, please call my office at 541-743-8500. We will be happy to attend the event with you to assist you with any questions you may have.

Displaying blog entries 1-2 of 2