Good Monday Morning!

The data is in for March 2020 home sales in Lane County.  Bear in mind that this period of time for sales in pre Covid19, for the most part.  There is a great deal that has changed in our market since this time and there are many more changes in front of us.  The one thing that I can tell you is that there are lots of potential home buyers out there ready to go.  In fact, sales activity has been robust even during this tragic time.  The largest problem is lack of homes for buyers to purchase.  If you are thinking about selling your home this year, don't wait!  Right now is a great opportunity for you to sell while the competition levels are low.  Here are the home sales numbers for March 2020.

March Residential Highlights

There were 557 new listings, 25.5% more than in March 2019 (444) and 47.7% more than last month in February 2020 (377).

Pending sales (374) decreased 17.4% from March 2019 (453) and rose 2.2% from last month February 2020 when 366 offers were accepted.

Closed sales (341) increased 8.6% from March 2019 (314) and rose 20.1% from the 284 closings recorded last month in February 2020.

Inventory and Market Time

Inventory increased slightly to 1.7 months in March. Total market time decreased to 42 days.

Year to Date Summary

Comparing the first three months of 2020 to the same period in 2019, new listings (1,381) increased 19.9%, pending sales (1,061) decreased 1.3%, and closed sales (887) decreased 1.1%.

Average and Median Sale Prices

Comparing 2020 to 2019 through March, the average sale price has increased 9.6% from $306,200 to $335,700. In the same comparison, the median sale price has increased 12.5% from $280,000 to $315,000

Have An Awesome Week!

Stay Safe, Stay Healthy!!

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AND HERE'S YOUR MONDAY MORNING COFFEE!!