Good Monday Morning!

As we get rolling into 2021, it is evident that the Real Estate market in the Eugene and Springfield area continues on from where it left off in 2020 and on the same trajectory.  We still are seeing record low numbers of homes on the market for sale, record low mortgage interest rates, high buyer interest and increasing home prices.  At this time, it appears that this trend will continue on at least in the near future.  Here are the home sale statistics for December of 2020.

December Residential Highlights

New listings (262) increased 25.4% from the 209 listed in December 2019, and decreased 15.8% from the 311 listed in November 2020.

Pending sales (295) increased 23.4% from the 239 offers accepted in December 2019, and decreased 25.9% from the 398 offers accepted in November 2020.

Closed sales (445) increased 37.3% from the 324 closings in December 2019, and increased 13.5% from the 392 closings in November 2020.

Inventory and Market Time

Inventory decreased to 0.6 months in December, the lowest on RMLSTM record. Total market time increased to 44 days.

Year-to-Date Summary

Comparing the twelve months of 2020 to the same period in 2019, new listings (5,596) decreased 2.6%, pending sales (4,982) increased 2.7%, and closed sales (4,843) decreased 0.6%.

Average and Median Sale Prices

Comparing 2020 to 2019 through December, the average sale price has increased 12.2% from $325,700 to $365,500. In the same comparison, the median sale price has increased 13.3% from $296,900 to $336,500.

Have An Awesome Week!

Stay Safe, Stay Healthy!!

 

AND HERE'S YOUR MONDAY MORNING COFFEE!!