Latest Market Activity for September 2016

    Good Morning!

    The housing market in the Eugene and Springfield area remains strong.  September 2016 closed out as the strongest home sales September on record from MLS.  With only 2 months of home inventory available, the inventory of homes for sale also remains at an extremely low level.  The sellers market lives on in Lane County. Here are the complete statistics for September 2016.

    September brought a little seasonal cooling to Lane County, but activity is ahead of last September. Closed sales (488) ended 10.2% ahead of September 2015, although fell 9.0% short of the 536 closings posted last month in August 2016. It was the strongest September for closings on the RMLS record for Lane County, edging past the 483 closings posted in September 2005.

    LatestMarketAction_Sep16

    Pending sales (470) ended 2.0% higher than in September 2015 (461), but were 16.4% cooler than last month’s 562 accepted offers. Similarly, new listings (488) edged 0.4% over the 486 new listings offered in September 2015 but fell 24.9% short of matching the 650 new listings offered last month in August 2016.

    Year to Date Summary

    Comparing the  first nine months of 2016 to the same period of 2015, closed sales (3,918) have increased 7.1% and pending sales (4,330) have increased 5.8%. New listings (5,269) have decreased 2.4%.

    Average and Median Sale Prices

    Comparing 2016 to 2015 through September of each year, the average sale price rose 7.4% from $243,400 to $261,300. In the same comparison, the median sale price rose 6.8% from $220,000 to $235,000.

    AverageSalePrice_Sep16

    Have An Awesome Week!

    THIS WEEKS HOT HOME LISTING!

    1615 Taney St
    Price: $279,000    Beds: 4    Baths: 2    ス Baths: 1    Sq Ft: 1913
    Brand new home! Great quality construction with plaster finished walls, maple hardwood & porcelain tile floor, hickory cabinets, granite counters, 9 ft ceiling, LED dimming lights, 3 skylights one of which opens. Great room layout with gas fireplace…View Home for Sale >>

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