Good Monday Morning!

It certainly is different times that we are currently living in.  Restrictions on everything we do, having to wear masks and maybe not being able to see or spend time with loved ones and friends.  But, one thing that has not changed is the fact that people still continue to need to buy and sell homes.  The Real Estate market that we are in changes, but the need for housing never changes.  Today, we are in a market like that I have never seen.  There is a high demand for homes, low inventory of homes for sale and historically low mortgage interest rates. This market has also taken the price of homes to all time high levels.  I am not sure how long this market will last, but for the time we are now in, this is the market that we have. The following is a report on the Eugene and Springfield Real Estate market for the month of October 2020.  Note that the inventory of homes for sale is currently the lowest on record!!

New listings (511) increased 20.5% from the 424 listed in October 2019, and increased 7.8% from the 474 listed in September 2020.

Pending sales (490) increased 24.4% from the 394 offers accepted in October 2019, and increased 9.6% from the 447 offers accepted in September 2020.

Closed sales (484) increased 18.3% from the 409 closings in October 2019, and increased 9.0% from the 444 closings in September 2020.

Inventory and Market Time

Inventory decreased to 0.9 months in October, which is tied with the lowest on RMLSTM record in July 2020. Total market time increased to 35 days.

Year-to-Date Summary

Comparing the first ten months of 2020 to the same period in 2019, new listings (5,009) decreased 4.7%, pending sales (4,323) increased 0.2%, and closed sales (3,982) decreased 4.7%.

Average and Median Sale Prices

Comparing 2020 to 2019 through October, the average sale price has increased 11.5% from $324,400 to $361,700. In the same comparison, the median sale price has increased 13.3% from $295,000 to $334,300.

Have An Awesome Week!

Stay Safe, Stay Healthy!!

THIS WEEKS HOT HOME LISTING!

5415 Royal Ave, Eugene, OR 

Price: $425,000    Beds: 3    Baths: 1.5    Sq Ft: 1366

Beautiful Danebo Property With Views. Large living room with wood burning fireplace. Views from living room and kitchen that looks over meadows and territorial hills. Kitchen has wrap around counter and lots of cabinet space. Patio access from two b...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!