Latest Market Activity for July 2017
Good Monday Morning!
The sales numbers are in for July 2017 home sales in the Eugene and Springfield market areas. Although, sales cooled slightly and the inventory also increased, the overall sales market remains strong. Here is the report.
Lane County saw some cooler activity this July, but some measures are still ahead of last year. Closed sales, at 502, outpaced July 2016 (418) by 20.1%, despite a 1.6% decrease from the 510 closings recorded last month in June 2017.
Similarly, new listings (678) edged 1.2% ahead of the 670 new listings recorded last year in July 2016, but fell 4.9% short of the 713 new listings recorded last month in June 2017.
Pending sales, at 541, cooled 1.5% from July 2016 (549) and 0.6% from last month in June 2017, when 544 offers were accepted in Lane County.
Inventory rose in Lane County this July, ending at 2.0 months. In the same period, total market time decreased by four days, ending at 36 days.
Year to Date Summary
Comparing the first seven months in 2017 to the same period in 2016, closed sales (2,863) have increased 1.1% and new listings (4,086) have stayed exactly the same, while pending sales (3,245) have decreased 3.4%.
Average and Median Sale Prices
Comparing 2017 to 2016 through July of each year, the average sale price rose 9.6% from $259,700 to $284,700. In the same comparison, the median sale price rose 9.2% from $234,400 to $255,900.
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