Good Monday Morning!

We now have the Real Estate market numbers for Lane County home sales in the month of November 2019.  The trend for fewer homes on the market continues and inventories are even lower than for this same time last year.  Home prices continue to climb as the numbers of available homes for purchase slides.  This is just a continuation of the same trend we have seen for several years. Here are the numbers.

There were 261 new listings, 33.6% fewer than in November 2018 (393) and 38.4% fewer than last month in October 2019 (424).

Pending sales (326) decreased 7.1% from November 2018 (351) and fell 17.3% from last month October 2019 when 394 offers were accepted.

Closed sales (348) decreased 5.9% from November 2018 (370) and fell 14.9% from the 409 closings recorded last month in October 2019.

Inventory and Market Time

Inventory decreased slightly to 1.7 months in November. Total market time increased to 52 days.

Year to Date Summary

Comparing the first eleven months of 2019 to the same period in 2018, new listings (5,526) have decreased 10.2%, pending sales (4,626) have decreased 6.6%, and closed sales (4,535) have decreased 6.5%.

Average and Median Sale Prices

Comparing 2019 to 2018 through November, the average sale price has increased 5.3% from $308,800 to $325,200. In the same comparison, the median sale price has increased 4.8% from $281,500 to $295,000. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Lot 2501 E 49th Ave  

Price: $125,000    Beds: 0    Baths: 0    Sq Ft: 4356

Level Lot. Few trees. Ready to build. Utilities available at street.......View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!