October Home Sale Numbers
Good Monday Morning!
Here are the home sales numbers for October of 2018. For the most part, there is little change taking place over previous months this year. This reflect on a market that has flattened out and maybe starting to decline slightly. This actually is good news and may help us maintain a strong housing market going into 2019. Here is the report for Lane County in October of 2018.
October brought mixed numbers to Lane County, but new listings saw a gain over October 2017. At 469, new listings rose 5.2% ahead of the 446 new listings last year in October 2017, despite a 2.9% cooling from last month in September 2018 (483).
Closed sales (421) were 5.5% warmer than last month in September 2018 (399) but fell 1.6% short of the 428 closings recorded last year in October 2017.
Pending sales fared similarly,warming 6.1% over the 429 offers accepted in September 2018, but falling 4.6% short of the 477 accepted last year in October 2017.
Total market time rose to 43 days in October with inventory decreasing slightly to 2.1 months from 2.4 months in September.
Year to Date Summary
Comparing the first ten months of 2018 to 2017, closed sales (4,451) have increased 1.9%. Pending sales (4,611) have decreased 0.4% and new listings (5,753) have decreased 0.5%.
Average and Median Sale Prices
Comparing 2018 to 2017 through October of each year, the average sale price has increased 6.9% from $288,200 to $308,200. In the same comparison, the median sale price rose 8.5% from $260,000 to $282,000.
Have An Awesome Thanksgiving Week!
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