Good Monday Morning!

Here is what took place in the Eugene and Springfield area housing market for the month of July 2021.  The strong sellers market continues and so does the increase in home prices.  Mortgage interest rates also continue to be at historic low levels.  It is certainly a great time to sell and home and with our current low mortgage interest rates, it remains an great time to buy a home.  I do beleive that change is on the horizon as I am beginning to see the signs of a softening housing market here.  The next couple of month will tell the story!  Here are the July numbers.

Residential Highlights

New listings (612) increased 8.1% from the 566 listed in July 2020, and decreased 3.3% from the 633 listed in June 2021.

Pending sales (518) decreased 10.5% from the 579 offers accepted in July 2020, and decreased 0.6% from the 521 offers accepted in June 2021.

Closed sales (499) decreased 7.6% from the 540 closings in July 2020, and decreased 3.3% from the 516 closings in June 2021.

Inventory and Market Time

Inventory increased to 0.8 months in July. Total market time increased to 20 days.

Year-To-Date Summary

Comparing the first seven months of 2021 to the same period in 2020, new listings (3,624) increased 6.2%, pending sales (3,099) increased 5.6%, and closed sales (2,803) increased 11.5%.

Average and Median Sale Prices

Comparing 2021 to 2020 through July, the average sale price has increased 20.7% from $349,700 to $422,000. In the same comparison, the median sale price has increased 20.0% from $325,000 to $390,000.

Have An Awesome Week!

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

THIS WEEKS HOT HOME LISTING!

3403 Timberline Dr, Eugene, OR 

Price: $625,000    Beds: 4    Baths: 3.0    Sq Ft: 2542

Beautifully updated SW Eugene home on a gorgeous landscaped lot. An abundance of windows & vaulted ceilings allow for natural light throughout the day. Kitchen has granite counters & newer stainless steel appliances. Large master suite with w/in clo...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!