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Home Sales Remain Strong

Good Monday Morning!

The numbers are in and November home sales in the Eugene and Springfield area remain strong.  Home prices continue to climb as demand for residential property is high.  Mortgage interest rates remain extremely attractive, hovering around the 3% range for 30 year conventional loans.  Here are the November home sale numbers for Lane County.

Residential Highlights

New listings (321) increased 3.2% from the 311 listed in November 2020, and decreased 33.4% from the 482 listed in October 2021.

Pending sales (392) decreased 1.5% from the 398 offers accepted in November 2020, and decreased 15.0% from the 461 offers accepted in October 2021.

Closed sales (411) increased 4.8% from the 392 closings in November 2020, and decreased 9.7% from the 455 closings in October 2021.

Inventory and Market Time

Inventory decreased to 0.8 months in November. Total market time increased to 25 days.

Year-To-Date Summary

Comparing the first eleven months of 2021 to the same period in 2020, new listings (5,591) increased 5.0%, pending sales (4,899) increased 4.2%, and closed sales (4,686) increased 6.8%.

Average and Median Sale Prices

Comparing 2021 to 2020 through November, the average sale price has increased 19.3% from $363,500 to $433,600. In the same comparison, the median sale price has increased 18.2% from $335,000 to $396,000.

Have An Awesome Week!

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

THIS WEEKS HOT HOME LISTING!

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Price: $315,000    Beds: 2    Baths: 1.0    Sq Ft: 824

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

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