MARKET INVENTORY DOWN BUT THAT’S A GOOD SIGN

The listing inventory for Lane County (Eugene/Springfield and surrounding areas) is down significantly for the month of June to 6.8 months.  The indicator is the length of time it would take to sell all the listings on the market.  This figure when compared to last June’s number of 8.1 months is a good improvement and a vast improvement when compared to January 2009’s figure of 20.6 months.  June 2009’s figure is the lowest point since August 2007.  This now indicates a healther market in that it allows a more even playing field for negotiations between buyers and sellers.  However, to put it into perspective, the listings for June 2009 were down by 163 from June of 2008.

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