The Numbers are in: March 2014
Good Monday Morning,
March home sales numbers show that the Real Estate market in the Eugene and Springfield area continues to improve and remain strong. Here are the statistics for home sales in the Eugene and Springfield area for March of 2014.
March saw an upturn in real estate activity in Lane County! The 520 new listings bested February’s 351 by 48.1%, and last March’s 470 by 10.6%. Pending sales, at 367, rose 44.5% over February (254) and 2.8% over March 2013, when there were 357. Closed sales, at 262, rose 22.4% over February’s 214, but represented a 5.8% decrease from the 278 closings posted in March 2013.
Total market time dropped to 96 days in March, and inventory dropped to 4.9 months.
First Quarter 2014
The real estate market in Lane County is slightly less robust than the first quarter of 2013. New listings (1,279) are even with numbers from the first quarter of last year. Pending sales (894) and closed sales
(660) show a 3.2% and 4.3% drop, respectively, from the 924 pendings and 690 closings from the first quarter of 2013.
Average and Median Sale Prices
The average price in the first quarter this year was $220,800, up 9.4% from the first quarter of 2013, when the average was $201,900. In the same comparison, the median has risen 10.4% from $180,000 to $198,800.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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88604 ERMI BEE RD
Gorgeous and private estate on a serene 5 acre parcel. Outstanding views from every room. Completely remodeled to ultra contemporary style April of 2014. Light and bright, granite counters, hardwood flooring, and extensive luxurious outdoor living a...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
