Good Monday Morning!

July of 2019 saw home sales in the Eugene and Springfield area take off.  Sales were up in July and actually set a sales record.  This is strong evidence that even with the continued increase in home price, the low mortgage interest rates are having a very positive impact.  Here are the home sales numbers for July 2019 in Lane County.

July Residential Highlights

Pending sales had the strongest numbers this month in Lane County. There were 554 accepted offers, a 1.5% increase from July 2018 (546) and a 2.6% increase from last month in June 2019 (540). This was still the strongest July for pending sales on the RMLSTM record, dating to 2001.

Closed sales (492) edged one ahead of July 2018 (0.2%) and rose 4.5% over the 471 closings recorded last month in June 2019.

New listings, at 612, fell 5.8% short of July 2018 (650) and 1.8% short of June 2019 (623).

Inventory decreased slightly in July to 1.5 months, with total market time increasing by one day to 39 days.

Year to Date Summary

Activity is cooler so far in 2019 compared with 2018. Comparing the first seven months of each, pending sales (3,090) have decreased 6.3%, closed sales (2,756) have decreased 7.0%, and new listings (3,702) have decreased 8.4%.

Average and Median Sale Prices

Comparing 2019 to 2018 through July, the average sale price has increased 5.2% from $304,900 to $320,900. In the same comparison,the median sale price has increased 3.6% from $280,000 to $290,000.

Have An Awesome Week!

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