The Eugene and Springfield Real Estate Market Remains Very Stable!
Good Monday Morning!
The housing market in the Eugene and Springfield area remains very stable at this point. There are some slight variations from month to month with the number of sales and months of inventory, but overall the market remains steady. Home prices are also remaining fairly steady with the price of home continuiing on a slow, but steady growth curve. Here are the numbers for Lane County home sale activity from the month of August 2014.
August brought plenty of accepted offers to Lane County! The 423 pendings showed an increase of 14.6% over the 369 offers accepted last August and a 12.8% increase over last month’s 375. In fact, it was the best August for pending sales in Lane County since 2006, when there were 478.
Closed sales (360) fell 7.7% compared to July and 11.8% compared to last August. Likewise, new listings (575) fell 2.7% compared to the same month last year and 11.0% compared to last month.
Inventory in Lane County rose slightly to 5.0 months in August, and total market time increased to 92 days.
Year to Date Summary
In the first eight months of the year, new listings (4,458) have increased
3.1% over the same period in 2013. However, pending sales (2,819) and closed sales (2,470) have decreased 0.3% and 4.2%, respectively, from the same time last year.
Average and Median Sale Prices
The average price during the first eight months of 2014 was $236,300, up 4.0% from the same period of 2013, when the average was $227,300. In the same comparison, the median has risen 4.7% from $202,000 to $211,500.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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