RMLS Most Available Data For This 2014 Reporting Period
A bump in pending sales ushered in the new year in Lane County. The 290 pendings were a 67.6% increase over the 173 accepted offers in December and a 11.5% increase over the 260 accepted offers from January 2013. In fact, this is the best January for pending sales in Lane County since 2007, when there were 354! New listings, at 393 in January, were over double (124.6%) the 175 listings posted in December and 14.2% higher than the 344 listings posted last January. Closed sales fell slightly—the 175 closings represented a 35.2% drop from December’s 270 and a 3.8% drop from the 182 in January 2013.
Total market time fell slightly to 108 days in January, and inventory rose to 7.0 months.
AVERAGE AND MEDIAN SALE PRICES
Prices are on the rise in Lane County. Comparing the average price of homes in the twelve months ending January 31st of this year ($225,500) with homes sold in the previous twelve months ($201,900) shows an increase of 11.7%. In the same comparison, the median has increased 12.1% from $179,900 to $201,700.