May saw slight improvements in the Eugene and Springfield housing market. Home sales and pending sales improved over April but were down from 2025. Overall, the market is not experiencing any major ups or downs.
The inventory of homes for sale increased in May compared to April, which is good news for a market that has been starving for available homes to purchase. We remain in the same market conditions that either require mortgage rates to decline or home prices to decrease. Home affordability continues to be a major obstacle for most prospective homebuyers.
Mortgage rates may not see much improvement anytime soon, as inflation is once again beginning to rear its ugly head. Inflation will likely force the Federal Reserve to either hold rates steady or possibly increase them again. This does not signal any major market changes for the upcoming summer months.
There continues to be plenty of market uncertainty, but if you are delaying a home purchase while waiting for lower mortgage interest rates, you may face a long wait. If you are considering purchasing a home, now may be a good time to take advantage of increased housing inventory and current mortgage rates, which could be lower than what we may see in the near future.
The following report provides a full assessment of the May 2026 housing market for Lane County, Oregon.
Haas Real Estate Team
541.349.2620