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November 27, 2007Local housing market shows some slippage
The housing market slipped some more in Douglas County when comparing October listings and sales to the previous year at the same time. Average market time also jumped drastically in October for the year-to-date, increasing by more than three weeks from 107 days to 131 days, according to the Regional Multiple Listing Service. New listings in the county dropped to 196, from 246 in October 2006, with the median sale price also dropping to $165,000 from $194,900. When comparing year-to-date trends for January to October 2007 to the same period in 2006, they show closed sales and pending sales decreased 17.5 percent and 20.5 percent, respectively. By comparison, closed sales and pending sales during the same periods in the Portland area decreased 11.3 percent and 13.9 percent, respectively. Posted by bkleinhe at 11:22 AM
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