Good Monday Morning!

October 2019 home sales number are in and it looks as if the market cooling off period is continuing.  October 2019 home sales were off from not only September of this year, but alo down from October of 2018.  As you will seehomes prices continue to creep up.  This trend could spell a continued slower housing market in the Eugene and Springfield area. Here are the number for Lane County homes sales of October 2019.

Lane County saw cooler activity this October. At 409, closings ended 2.9% short of October 2018 (421) and fell 4.7% from the 429 closings recorded last month in September 2019.

Pending sales, at 394, fell 13.4% short of October 2018 when 455 offers were accepted, and 6.2% short of September 2019 when 420 offers were accepted.

There were 424 new listings, ending 9.6% below the 469 new listings offered back in October 2018 and 4.9% below the 446 offered just last month in September 2019.

Inventory increased remained the same at 1.8 months in October. Total market time increased to 45 days.

Year to Date Summary

Activity is cooler so far in 2019 compared with 2018. Comparing the first ten months of each, pending sales (4,314) have decreased 6.4%, closed sales (4,178) have decreased 6.1%, and new listings (5,257) have decreased 8.6%.

Average and Median Sale Prices

Comparing 2019 to 2018 through October, the average sale price has increased 5.3% from $308,200 to $324,400. In the same comparison, the median sale price has increased 4.6% from $282,000 to $295,000.

Have An Awesome Week!

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3220 Tilden St  

Price: $385,000    Beds: 3    Baths: 2    Sq Ft: 1894

Updated home in a quiet Santa Clara neighborhood. Newer roof, vinyl windows,hardwood flooring and granite in the kitchen & bathroom. Kitchen w/ eating area leads to a cozy family room w/ gas fireplace & sliding door to the backyard. Separate living...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!