Good Monday Morning!

Eugene and Springfield Real Estate sales for the month of July 2023 took a dip. Our local housing market continues to slide downwards as mortgage interest rates continue to rise and the overall national economy continues to falter. At the same time, the governement continues out of control spending, which just adds to the problems with inflation. Even with the continued market down turn, our local housing market remains fairly strong for those wanting to sell a home in Lane County. Notice that both home prices and the number of homes on the market continue to change monthly. Here are the home sale numbers for July 2023 in Lane County.

New Listings

New listings (457) decreased 20.0% from the 571 listed in July 2022, and decreased 17.4% from the 553 listed in June 2023.

Pending Sales

Pending sales (389) decreased 13.9% from the 452 offers accepted in July 2022, and increased 3.2% from the 377 offers accepted in June 2023.

Closed Sales

Closed sales (345) decreased 12.9% from the 396 closings in July 2022, and decreased 5.5% from the 365 closings in June 2023.

Inventory and Time on Market

Inventory increased to 1.9 months in July. Total market time decreased to 29 days.

Year-to-Date Summary

Comparing the first seven months of 2023 to the same period in 2022, new listings (2,862) decreased 21.3%, pending sales (2,293) decreased 21.7%, and closed sales (2,071) decreased 24.0%.

Average and Median Sale Prices

Comparing 2023 to 2022 through July, the average sale price has decreased 1.9% from $476,900 to $467,800. In the same comparison, the median sale price has decreased 0.9% from $435,000 to $431,000.

Have An Awesome Week!

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

THIS WEEKS HOT HOME LISTING!

2127 Silver Lea Ct, Eugene, OR 

Price: $650,000    Beds: 3    Baths: 2.5    SqFt: 2018

This single level ranch style home is located in a wonderful cul-de-sac and a short distance to the brand-new North Eugene High School. The covered front porch welcomes you to this turnkey home that has been tastefully upgraded throughout. New LED...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!