April Numbers
Good Monday Morning!
The April Real Estate market in the Eugene and Springfield area remained slower than at the same time last year. The inventory of homes for sale remains very low, but it was slightly higher than April of 2022. Both Pending homes sales and closed home sales were also lower than April of last year. Suprisingly there are quite a few buyers actively looking for homes to purchase and time on the market remains extremely low. The low inventory makes finding the right home somewhat challenging for home buyers, but offers a strong market for home sellers. Mortgage interest rates are holding fairly steady and hopefully will continue at or below current rates into the near future. Here are the homes sales numbers for April 2023 in Lane County.
New Listings
New listings (383) decreased 21.8% from the 490 listed in April 2022, and decreased 4.3% from the 400 listed in March 2023.
Pending Sales
Pending sales (339) decreased 25.2% from the 453 offers accepted in April 2022, and decreased 0.9% from the 342 offers accepted in March 2023.
Closed Sales
Closed sales (284) decreased 30.9% from the 411 closings in April 2022, and decreased 2.4% from the 291 closings in March 2023.
Inventory and Time on Market
Inventory increased to 1.5 months in April. Total market time decreased to 39 days.
Year-to-Date Summary
Comparing the first four months of 2023 to the same period in 2022, new listings (1,390) decreased 22.9%, pending sales (1,219) decreased 24.4%, and closed sales (1,015) decreased 26.9%.
Average and Median Sale Prices
Comparing 2023 to 2022 through April, the average sale price has decreased 4.1% from $469,000 to $449,700. In the same comparison, the median sale price has decreased 0.5% from $427,000 to $425,000.
Have An Awesome Week!
Stay Healthy! Stay Safe! Remain Positive! Trust in God!
THIS WEEKS HOT HOME LISTING!
260 54th Street, Springfield, OR
Price: $405,000 Beds: 4 Baths: 2.0 SqFt: 2048
Great opportunity for a multi-family investment property. Both units are townhouse style with attached garages & separated backyards. Vinyl windows, newer flooring & spacious bedrooms. Convenient location near shopping & the bus line. Strict tenant...View this property >>
AND HERE'S YOUR MONDAY MORNING COFFEE!!