Good Monday Morning!

The Real Estate market in the Eugene and Springfield area is holding up suprisingly well.  This is despite Covid19, forest fires, ash and smoke.  Good numbers of home buyers are on the market looking for homes and this may not change any time soon.  Historic low mortgage interest rates are fueling our current market.  The largest issues that we have in our area and it is shared by most of the country is high home prices and extraordinarily low inventories of homes for sale.  Don't look for this to change any time soon either.  Here are the numbers for home sales during the month of August 2020.

New listings (585) decreased 8.7% from the 641 listed in August 2019, and increased 3.4% from the 566 listed in July 2020.

Pending sales (564) increased 12.4% from the 502 offers accepted in August 2019, and decreased 2.6% from the 579 offers accepted in July 2020.

Closed sales (487) decreased 6.3% from the 520 closings in August 2019, and decreased 9.8% from the 540 closings in July 2020.

Inventory and Market Time

Inventory increased to 1.0 months in August. Total market time decreased to 36 days.

Year-to-Date Summary

Comparing the first eight months of 2020 to the same period in 2019, new listings (4,007) decreased 8.1%, pending sales (3,465) decreased 2.6%, and closed sales (3,016) decreased 8.5%.

Average and Median Sale Prices

Comparing 2020 to 2019 through August, the average sale price has increased 9.4% from $324,500 to $355,100. In the same comparison, the median sale price has increased 11.2% from $295,000 to $328,000.

Have An Awesome Week!

Stay Safe, Stay Healthy!!

THIS WEEKS HOT HOME LISTING!

1719 Victorian Way, Eugene, OR 

Price: $420,000    Beds: 3    Baths: 2.0    Sq Ft: 1709

Beautiful Ferry Street bridge Home. Large carpeted front Family Room. Kitchen has a cook island and a wraparound counter. Carpeted Living Room with a gas fireplace and access to covered deck in back yard. Carpet in all bedrooms. Master has attached...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!