Good Monday Morning!

The Real Estate market in the Eugene and Springfield area remains strong and is being fueled by low mortgage interest rates and a constant stream of people moving into our community.  How long this robust sellers market continues is anyones guess.  There is possible change on the horizon as several major lenders have pulled back from offering home equity loans.  The last tiime we saw this take place was 2008, just prior to the great recession.  These lenders are stating that the current housing market is grossly over priced.  Their pull back could signal a coming adjustment. Here are the home sale numbers for June of 2021.

New listings (633) increased 23.6% from the 512 listed in June 2020, and increased 4.1% from the 608 listed in May 2021.

Pending sales (521) decreased 6.0% from the 554 offers accepted in June 2020, and decreased 6.0% from the 554 offers accepted in May 2021.

Closed sales (516) increased 29.3% from the 399 closings in June 2020, and increased 31.0% from the 394 closings in May 2021.

Inventory and Market Time

Inventory held steady at 0.7 months in June. Total market time increased to 18 days.

Year-To-Date Summary

Comparing the first six months of 2021 to the same period in 2020, new listings (2,990) increased 6.0%, pending sales (2,598) increased 9.2%, and closed sales (2,285) increased 17.2%.

Average and Median Sale Prices

Comparing 2021 to 2020 through June, the average sale price has increased 20.6% from $343,700 to $414,600. In the same comparison, the median sale price has increased 20.3% from $320,000 to $385,000.

Have An Awesome Week!

Stay Healthy! Stay Safe! Remain Positive! Trust in God!

THIS WEEKS HOT HOME LISTING!

33749 Meyer Rd, Cottage Grove, OR 

Price: $595,000    Beds: 2    Baths: 2.0    Sq Ft: 1803

Gorgeous one level home on 5.5 irrigated acres. Over 3 acres of pasture. Water rights to pump water from year-round creek. Lovely home with great room, large open kitchen, huge laundry sewing/craft room with tons of cabinet storage. 36'x44' shop wit...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!