Good Monday Morning!

Is the Eugene and Springfield area at the beginning of a market shift?
Our area has been in a strong seller's market for years. A seller’s market is defined as a housing market with less than 6 months of inventory available. A very strong seller's market is where there are 3 months or less of home inventory.

Currently, we remain in a seller's market with only 2.9 months of active inventory. Things are beginning to change, though. The home inventory numbers are creeping up slowly, there seems to be less buyer interest, and price reductions are coming back.

All of this is taking place at a time of year when our local market typically begins to heat up. The fact that home prices continue to rise and mortgage interest rates have remained high is just another part of what we are seeing in the market today.

It's too early to say whether we are seeing a true market shift or not, but the next few months will tell the story.

Here are the home sales numbers for Lane County (Eugene, Springfield, and surrounding areas) for April 2025:


New Listings

New listings (556) increased 21.7% from the 457 listed in April 2024, and increased 35.3% from the 411 listed in March 2025.

Pending Sales

Pending sales (372) decreased 1.8% from the 379 offers accepted in April 2024, and decreased 2.4% from the 381 offers accepted in March 2025.

Closed Sales

Closed sales (295) increased 5.0% from the 281 closings in April 2024, and increased 17.1% from the 252 closings in March 2025.

Inventory and Time on Market

Inventory increased to 2.9 months in April. Total market time decreased to 54 days.

Year-to-Date Summary

Comparing the first four months of 2025 to the same period in 2024, new listings (1,661) increased 9.3%, pending sales (1,265) decreased 0.6%, and closed sales (1,044) increased 2.1%.

Average and Median Sale Prices

Comparing 2025 to 2024 through April, the average sale price has increased 1.0% from $466,000 to $470,800. In the same comparison, the median sale price has increased 0.7% from $431,500 to $434,500.


Have An Awesome Week!

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

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AND HERE'S YOUR MONDAY MORNING COFFEE!!