Good Monday Morning!

February saw what I would call a bit of a setback with home sales in the Eugene and Springfield area. All sales categories were down from February of 2024. This includes pending home sales. Pending home sales indicate current market conditions and also reflect on where home sales will be in the next month. When we see pending sales decline, it is a true indication of the current direction of both the current and coming home market. It would appear that the housing market in Eugene and Springfield may continue to be sluggish, and any recovery could remain months away. Here are the numbers for February 2024 home sales in Lane County.

New Listings

New listings (324) decreased 9.0% from the 356 listed in February 2024, and decreased 4.7% from the 340 listed in January 2025.

Pending Sales

Pending sales (286) decreased 14.6% from the 335 offers accepted in February 2024, and increased 0.7% from the 284 offers accepted in January 2025.

Closed Sales

Closed sales (221) decreased 7.1% from the 238 closings in February 2024, and decreased 4.7% from the 232 closings in January 2025.

Inventory and Time on Market

Inventory increased to 3.1 months in February. Total market time decreased to 68 days.

Year-to-Date Summary

Comparing the first two months of 2025 to the same period in 2024, new listings (668) increased 4.4%, pending sales (554) decreased 5.3%, and closed sales (457) increased 9.1%.

Average and Median Sale Prices

Comparing 2025 to 2024 through February, the average sale price has increased 0.9% from $466,100 to $470,400. In the same comparison, the median sale price has decreased 1.2% from $425,000 to $420,000.

Have An Awesome Week!

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

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AND HERE'S YOUR MONDAY MORNING COFFEE!!