Good Monday Morning!

Even though the inventory and sales numbers vary slightly from month to month, the Eugene and Springfield area remains in the midst of an extrmely strong sellers housing market.  This means that the low inventory of homes for sale favors anyone putting their home on the market. This situation has also brought about a continued increase in home prices.  The average home sale price in Lane County is now at $357,00.00.  Here are the numbers for home sales in Lane County for September of 2020.

September Residential Highlights

New listings (474) increased 6.3% from the 446 listed in September 2019, and decreased 19.0% from the 585 listed in August 2020.

Pending sales (447) increased 6.4% from the 420 offers accepted in September 2019, and decreased 20.7% from the 564 offers accepted in August 2020.

Closed sales (444) increased 3.5% from the 429 closings in September 2019, and decreased 8.8% from the 487 closings in August 2020.

Inventory and Market Time

Inventory increased to 1.1 months in September. Total market time decreased to 32 days.

Year-to-Date Summary

Comparing the first nine months of 2020 to the same period in 2019, new listings (4,485) decreased 6.9%, pending sales (3,865) decreased 2.1%, and closed sales (3,476) decreased 7.2%.

Average and Median Sale Prices

Comparing 2020 to 2019 through September, the average sale price has increased 10.1% from $324,900 to $357,800. In the same comparison, the median sale price has increased 11.9% from $295,000 to $330,000.

Have An Awesome Week!

Stay Safe, Stay Healthy!!

THIS WEEKS HOT HOME LISTING!

1075 Linda Ln, Springfield, OR 

Price: $585,000    Beds: 4    Baths: 3.0    Sq Ft: 2292

Beautiful Home With Views and Acreage In Town. Beautifully updated Kitchen w/ granite countertops, peninsula w/ cooktop & area for seating, SS appliances, walk-in pantry, & high laminate floors. Living room/ Dining room combo w/ wood burning firepla...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!