May 2014 Homes Sales Report
Homes sales in May of 2014 remain below the hot market of 2013 as home sales in the Eugene and Springfield area cool off slightly.
May Residential Highlights
Lane County saw an upswing in seasonal activity this May. Pending sales, at 461, bested numbers from May 2013 (435) by 6.0% and the previous month (356) by 29.5%. New listings (654) increased 1.7% over the 643 listings posted in May 2013 and 10.1% over the 594 posted just last month. The 319 closed sales showed a 8.5% increase over April’s 294 but were 10.6% less strong than the 357 closings entered in May 2013. Florence had 35 closings this month—the best May for closed sales in Florence on the RMLSTM record.
Total market time contracted to 92 days in May, and inventory remained at 4.9 months for the third consecutive month.
Year to Date Summary
Lane County’s real estate activity continues to be slightly cooler this year compared to 2013. New listings (2,557) have increased by 2.2% over 2013, but pending sales (1,659) and closed sales (1,287) have decreased 3.9% and 7.3%, respectively, from the first five months of 2013.
Average and Median Sale Prices
The average price so far in 2014 was $230,100, up 6.8% from the same period of 2013, when the average was $215,400. In the same comparison, the median has risen 8.1% from $192,000 to $207,500.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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32773 HIDDEN MEADOWS DR
The sounds of the birds and the breeze are the only noises to disturb the tranquility of country life here. Close in, minutes to town, hospitals and the university, this 2006 Koala built home has granite counters, cherry cabinets, hardwood floors, w...
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