Good Monday Morning!

 February 2021 home sales numbers in the Eugene and Springfield area show that there is little change in our local housing market.  The inventory of homes climbed slightly from .8 months to .9 months.  This is not enough change to make any kind of real difference.  This number is also well below the 1.6 months of inventory that we had in February of 2020.  In a normal market, healthy home inventory numbers would be between 3 and 6 months.  So, we continue with a shortage of homes on the market and very high demand.  The following is a report from RMLS showing February 2021 homes sales in Lane County.

February Residential Highlights

New listings (352) decreased 6.6% from the 377 listed in February 2020, and increased 2.6% from the 343 listed in January 2021.

Pending sales (356) decreased 2.7% from the 366 offers accepted in February 2020, and increased 2.3% from the 348 offers accepted in January 2021.

Closed sales (270) decreased 4.9% from the 284 closings in February 2020, and decreased 6.3% from the 288 closings in January 2021.

Inventory and Market Time

Inventory increased to 0.9 months in February. Total market time decreased to 33 days.

Year-To-Date Summary

Comparing the first two months of 2021 to the same period in 2020, new listings (703) decreased 12.9%, pending sales (692) decreased 2.3%, and closed sales (568) increased 5.6%.

Average and Median Sale Prices

Comparing 2021 to 2020 through February, the average sale price has increased 15.9% from $333,200 to $386,200. In the same comparison, the median sale price has increased 14.3% from $315,000 to $360,000.

Have An Awesome Week!

Stay Healthy! Stay Safe! Trust in God!

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Good Monday Morning!  

 February 2021 home sales numbers in the Eugene and Springfield area show that there is little change in our local housing market.  The inventory of homes climbed slightly from .8 months to .9 months.  This is not enough change to make any kind of real difference.  This number is also well below the 1.6 months of inventory that we had in February of 2020.  In a normal market, healthy home inventory numbers would be between 3 and 6 months.  So, we continue with a shortage of homes on the market and very high demand.  The following is a report from RMLS showing February 2021 homes sales in Lane County.

February Residential Highlights

New listings (352) decreased 6.6% from the 377 listed in February 2020, and increased 2.6% from the 343 listed in January 2021.

Pending sales (356) decreased 2.7% from the 366 offers accepted in February 2020, and increased 2.3% from the 348 offers accepted in January 2021.

Closed sales (270) decreased 4.9% from the 284 closings in February 2020, and decreased 6.3% from the 288 closings in January 2021.

Inventory and Market Time

Inventory increased to 0.9 months in February. Total market time decreased to 33 days.

Year-To-Date Summary

Comparing the first two months of 2021 to the same period in 2020, new listings (703) decreased 12.9%, pending sales (692) decreased 2.3%, and closed sales (568) increased 5.6%.

Average and Median Sale Prices

Comparing 2021 to 2020 through February, the average sale price has increased 15.9% from $333,200 to $386,200. In the same comparison, the median sale price has increased 14.3% from $315,000 to $360,000.