Good Monday Morning!

The first quarter of 2021 is behind us now.  What we saw during the first quarter in regards to home sales in the Eugene and Springfield area is a continuation of the same housing market that we had last year.  Our inventory of homes for sale is at an all time low, .06 months.  We have extremely high homebuyer demand and very low mortgage interest rates.  This is continuing to fuel home value inflation, bidding wars on homes for sale and an extremely attractive sellers market.  Here are the home sales numbers for Lane County in March of 2021.

March Residential Highlights

New listings (457) decreased 18.0% from the 557 listed in March 2020, and increased 29.8% from the 352 listed in February 2021.

Pending sales (434) increased 16.0% from the 374 offers accepted in March 2020, and increased 21.9% from the 356 offers accepted in February 2021.

Closed sales (389) increased 14.1% from the 341 closings in March 2020, and increased 44.1% from the 270 closings in February 2021.

Inventory and Market Time

Inventory decreased to 0.6 months in March. Total market time decreased to 31 days.

Year-To-Date Summary

Comparing the first three months of 2021 to the same period in 2020, new listings (1,171) decreased 15.2%, pending sales (1,109) increased 4.5%, and closed sales (965) increased 8.8%.

Average and Median Sale Prices

Comparing 2021 to 2020 through March, the average sale price has increased 17.8% from $335,700 to $395,600. In the same comparison, the median sale price has increased 15.9% from $315,000 to $365,000.

Have An Awesome Week!

Stay Healthy! Stay Safe! Trust in God!

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AND HERE'S YOUR MONDAY MORNING COFFEE!!