Good Monday Morning!

There has not been much change in the Real Estate market in the Eugene and Springfiled area over the past month.  The inventory of homes for sale has increased very slightly and home prices remained fairly steady, although they have increased significantly over the year.  As we go into Fall, I would look for the inventory of homes for sale to continue increasing.  My guess is that home prices will flatten out and could even decline in some areas and price ranges. Much of what takes place in our local housing market will depend upon mortgage interest rates and the overall economy.  Here are the numbers for home sales in Lane county for September of 2021.

Residential Highlights

New listings (498) increased 5.1% from the 474 listed in September 2020, and decreased 17.0% from the 600 listed in August 2021.

Pending sales (453) increased 1.3% from the 447 offers accepted in September 2020, and decreased 17.5% from the 549 offers accepted in August 2021.

Closed sales (459) increased 3.4% from the 444 closings in September 2020, and decreased 5.6% from the 486 closings in August 2021.

Inventory and Market Time

Inventory increased to 1.0 months in September. Total market time increased to 19 days.

Year-To-Date Summary

Comparing the first nine months of 2021 to the same period in 2020, new listings (4,751) increased 5.9%, pending sales (4,045) increased 4.7%, and closed sales (3,788) increased 9.0%.

Average and Median Sale Prices

Comparing 2021 to 2020 through September, the average sale price has increased 19.8% from $357,800 to $428,600. In the same comparison, the median sale price has increased 19.5% from $330,000 to $394,400.

Have An Awesome Week!

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

THIS WEEKS HOT HOME LISTING!

4927 Fox Hollow Rd, Eugene, OR 

Price: $439,000    Beds: 3    Baths: 2.0    Sq Ft: 1366

Updated one level home in desirable East Eugene neighborhood. Beautiful views out of back of home into private wooded backyard. Large and open living room connected to family/dining room area. Large laundry room with plenty of storage. Home security...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!