October 2014 Residential Home Sales Numbers For The Eugene/Springfield Market Area
Good Monday Morning!
Here are the residential home sales numbers for October of 2014. October was one of the best sales months in the Eugene and Springfield area in years. Note that the inventory of homes currently on the market for sale has declined to 3.8 months of active inventory. This is also the lowest inventory of homes actively for sale that we have seen in many years.
If you are considering the sale of your home, I have one word of advice and that is to get your home on the market," NOW"! Take advantage of the low inventory and lack of competition. It won't last!
October Residential Highlights
October brought an uptick in closed sales to Lane County! The 404 closings represented 15.8% increase over September’s 349 and a 33.3% increase over last October’s 303. It was the best October for closings in Lane County since 2005, when there were 455. Pending sales (370) were also strong this month, a 5.4% increase from September’s 351 and 25.4% increase from last October’s accepted offers. New listings, at 394, cooled 9.6% from September’s 436 but fared 6.5% better than the 370 new listings posted last October.
Inventory contracted to 3.8 months in October, and total market time decreased to 88 days.
Year to Date Summary
Lane County has nearly caught up to its 2013 activity. In the first ten months of the year, new listings
(5,308) and pending sales (3,504) have increased 4.0% and 3.6% over the same period in 2013. Closed sales (3,259) have decreased 0.2% from the same time last year.
Average and Median Sale Prices
The average price during the first ten months of 2014 was $236,000, up 4.0% from the same period of 2013, when the average was $227,000. In the same comparison, the median has risen 4.5% from $202,000 to $211,000.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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393 Lenore LOOP
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