What is the Active Market Time in Florence?
I hear the question "How long are properties on the market now days?" quite frequently and wanted to share some insightful information into our market time.
If you have lived here for sometime, or have had your property on the market in the past 5 or 10 years, you are more than aware of the past "Average Days on the Market". The graph below was represents the Average Days on the Market for all areas of Florence between January 2012 and March 2013.
The Average Days on the Market back then was a whopping 106, only slightly better than the year before at 118.
Prices Have Risen and Market Time Has Dropped!
Not only have our values risen dramatically in the past few years, but our market time has shrunk considerably.
Using the same areas I created a new graph but this time using the time frame currently, from July 2017 through September 2018.
As you can see, our Average Market Time has shrunk to 34 days, a considerable difference!
This is an opportunistic time for sellers in our community. If you are thinking of selling, please give me a call at 541.999.9688.
Laura Wilson, Real Estate Broker
Windermere Real Estate, Florence Oregon