Market Activity for December 2015

    Good Morning!

    Year end home sales numbers are in for Lane County and it was another great month for home sales.  Sales continue to be strong at the same time that home inventory levels decline.  This makes for a very strong sellers market.  Here is the December report.

    Closed sales ended on a strong note this December in Lane County. Closings, at 394 for the month, were 36.3% ahead of the 289 closings posted in December 2014—this was the strongest December for closings in Lane County on the RMLS record.

    Pending sales (276) fared well in December, ending 20.5% ahead of December 2014, although 21.4% behind the 351 offers accepted last month in November 2015. New listings (211) ended 3.7% cooler than the 219 new listings offered in December 2014 and 33.2% cooler than last month in November 2015 (316). Inventory decreased to 2.2 months in December.

    Year to Date Summary

    Activity ended ahead this year compared to last year. Pending

    sales (5,071) rose 28.3%, closed sales (4,864) rose 27.2%, and new listings (6,385) rose 10.0% this year compared to 2014.

    Average and Median Sale Prices

    Comparing 2015 to 2014 through the end of each year, the average sale price increased 3.4% from $235,600 to $243,500. In the same comparison, the median sale price increased 3.8% from $212,000 to $220,000.

    Have An Awesome Week!

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