Good Monday Morning!

The numbers are in for August 2021 home sales in the Eugene and Springfield area.  As you will see, there has been little change.  Home inventories remain very low, home prices continue to escalate and mortgage interest rates remain extremely low and favorable.  I will say that I feel we are on the edge of a market shift.  There are indicators starting to show that would suggest a change is on the horizon.  If you are thinking about selling your home in this strong market, don't wait.  There may not be much time remaining to take advantage of this sellers market.  Here are the August 2021 home sales numbers for Lane County.

New listings (600) increased 2.6% from the 585 listed in August 2020, and decreased 2.0% from the 612 listed in July 2021.

Pending sales (549) decreased 2.7% from the 564 offers accepted in August 2020, and increased 6.0% from the 518 offers accepted in July 2021.

Closed sales (486) decreased 0.2% from the 487 closings in August 2020, and decreased 2.6% from the 499 closings in July 2021.

Inventory and Market Time

Inventory increased to 0.9 months in August. Total market time decreased to 17 days.

Year-To-Date Summary

Comparing the first eight months of 2021 to the same period in 2020, new listings (4,236) increased 5.7%, pending sales (3,624) increased 4.6%, and closed sales (3,304) increased 9.5%.

Average and Median Sale Prices

Comparing 2021 to 2020 through August, the average sale price has increased 19.9% from $355,100 to $425,900. In the same comparison, the median sale price has increased 19.5% from $328,000 to $392,000.

Have An Awesome Week!

Stay Healthy! Stay Safe! Remain Positive! Trust in God!

THIS WEEKS HOT HOME LISTING!

2941 Edgewater Dr, Eugene, OR 

Price: $1,125,000    Beds: 3    Baths: 4.0    Sq Ft: 3397

Don't miss this elegant 1-level executive home in a quiet cul-de-sac. Large covered patio w/ infrared ceiling heat & a gas fire table overlook a pond & waterfall making it a relaxing & private retreat. Spacious indoor/outdoor entertaining w/ Sonos s...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!