January Stats 2025
Good Monday Morning!
The month of January saw some new life come into the Eugene and Springfield area housing market. The number of new homes hitting the market increased substantially from December of 2024. Home sales improved, as well as pending home sales. Home prices decreased slightly, which is a good thing as mortgage interest rates did not change much and remain at near 7%. Positive news with home sales in January may be a good signal for the 2025 housing market. The following are the home sales numbers for Lane County for the month of January 2025.
New Listings
New listings (340) increased 20.1% from the 283 listed in January 2024, and increased 75.3% from the 194 listed in December 2024.
Pending Sales
Pending sales (284) increased 10.1% from the 258 offers accepted in January 2024, and increased 9.2% from the 260 offers accepted in December 2024.
Closed Sales
Closed sales (232) increased 34.1% from the 173 closings in January 2024, and decreased 9.7% from the 257 closings in December 2024.
Inventory and Time on Market
Inventory increased to 2.8 months in January. Total market time increased to 76 days.
Year-to-Date Summary
Comparing the first month of 2025 to the same period in 2024, new listings (340) increased 20.1%, pending sales (284) increased 10.1%, and closed sales (232) increased 34.1%.
Average and Median Sale Prices
Comparing 2025 to 2024 through January, the average sale price has increased 4.8% from $460,800 to $482,900. In the same comparison, the median sale price has decreased 1.6% from $415,000 to $408,500.
Have An Awesome Week!
Stay Healthy! Stay Safe! Remain Positive! Trust in God!
THIS WEEKS HOT HOME LISTING!
4310 Hyacinth St, Eugene, OR
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