Latest Market Activity for January 2018
Good Morning!
The Real Estate market in the Eugene and Springfield area was stronger in January of 2018 than in January of 2017. Both sales and new listings were up. The inventory of homes on the market remains low at 1.7 months and critically low in the first time buyer price ranges of $250,000 and below. Here are the home sale statistics for January 2018.
January Residential Highlights
January brought waves of warm real estate activity to Lane County, almost across the board. Pending sales (425) outpaced January 2017 (318) by 33.6% and December 2017 (309) by 37.5%. This is the strongest January for pending sales in Lane County on the RMLSTM record, dating to 2001.
New listings, at 426, ended 33.1% stronger than in January 2017 (320) and 91.0% stronger than last month in December 2017 (223).
There were 326 closed sales, faring 19.4% better than last year in January 2017 (273) but cooling 12.1% compared to December 2017 when 371 closings were recorded.
Inventory held steady in January at 1.7 months, and total market time increased by four days to end at 66 days.
Average and Median Sale Prices
Comparing the average price of homes in the twelve months ending January 31st of this year ($289,100) with the average price of homes sold in the twelve months ending January 2017 ($264,800) shows an increase of 9.2%. The same comparison of the median shows an increase of 10.1% over that same period.
Have An Awesome Week!
THIS WEEK'S HOT HOME LISTING!
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6655 A ST
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| Cute 1-level home in desirable Thurston neighborhood. Well-maintained home features updated drs & vinyl windows. Large living rm w/ wood-insert fireplace. Galley-style KIT w/ French door leads to utility rm. Open dining area w/ sliding dr. Large cro... | |||||
