There has been little change in our local real estate market over the past year. While there have been some slight ups and downs, overall, our market has remained fairly flat. The national real estate market has also been mostly stagnant.
Mortgage interest rates tend to get all the blame, but there are broader factors within both our local and national economies influencing the real estate market. You’ve likely noticed that fuel prices, utility costs, groceries, insurance, taxes, and nearly every consumer good have become not just a bit more expensive, but significantly more so. At the same time, wages and incomes have remained mostly static.
This puts a burden on everyone as we struggle to make ends meet. It also makes it difficult to save for a home purchase. As a result, many would-be first-time homebuyers have been pushed out of the housing market, putting their resources instead toward rent and other rising expenses. Higher home prices and unfavorable mortgage interest rates—combined with increased living costs—have made homeownership an impossibility for many.
Until these factors change, we shouldn’t expect major shifts in the housing market. Real change will begin with an improving economy, lower prices, reduced inflation, and the Federal Reserve committing to more aggressive interest rate cuts.
The following are the numbers for the Eugene and Springfield real estate market for September 2025.
Have An Awesome Week!
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Sincerely,
Galand
galand@galandhaas.com
541.349.2620