Latest Market Activity for September 2017
Good Monday Morning!
September home sales in the Eugene and Springfield market area cooled slightly, but the overall home sale market remains good. The inventory of homes for sales remains low at just 2.1 months of inventory. Even with the onset of Fall, the Real Estate market remains favorable for sellers and maybe slightly improved for homebuyers. Here are the statistics for September 2017.
Lane County saw some cooler numbers this September, but new listings did gain compared to last year. At 524, new listings rose 7.4% compared to September 2016 (488) despite cooling 22.9% compared to last month in August 2017 (680).
Pending sales, at 460, decreased 2.1% compared with the accepted o ers recorded last year in September 2016 (470) and 12.4% compared with accepted offers recorded last month in August 2017 (525).
Closed sales, at 463 in September, ended 5.1% below the 488 closings in September 2016 and 10.8% below the 519 closings last month in August 2017.
Inventory rose slightly to 2.2 months in September, and total market time rose to 50 days in the same period.
Year to Date Summary
Comparing the first nine months in 2017 to the same period in 2016, new listings (5,321) have increased 1.0%, closed sales (3,917) have remained steady, and pending sales (4,179) have decreased 3.5%.
Average and Median Sale Prices
Comparing 2017 to 2016 through September of each year, the average sale price rose 10.3% from $261,300 to $288,300. In the same comparison, the median sale price rose 10.6% from $235,000 to $260,000.
Have An Awesome Week!
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