Good Monday Morning!
As usual the Real Estate market in the Eugene and Springfield area slowed slightly coming into October. The real news though is that the market here continues to improve over the market we had in 2014. All signs are that this improving Real Estate market should continue right into next year. Here are the highlights for October 2015.
October Residential Highlights
October brought a little seasonal cooling to Lane County, but all measures are still ahead compared to October 2014. Pending sales (436) ended 17.8% ahead of the 370 offers accepted in October 2014, although 5.4% lower than the 461 offers accepted last month in September 2015. Closed sales (441) fared similarly, cooling 0.5% from 443 in September 2015 but 9.2% ahead of the 404 closings posted in October 2014. New listings (418) cooled 14.0% from September (486) but were still 6.1% ahead of October 2014 (394).
Total market time remained steady in October at 71 days, and inventory fell to 2.7 months during the same period.
Year to Date Summary
Activity was up during the first ten months of this year compared to
the same period last year. Pending sales (4,491) were up 28.2%, closed sales (4,114) were up 26.2%, and new listings (5,829) were up 9.8% this year compared to the first ten months of 2014.
Average and Median Sale Prices
Comparing 2015 to 2014 through October of each year, the average sale price rose 3.1% from $236,000 to $243,200. In the same comparison, the median sale price rose 4.5% from $211,000 to $220,500.
Have an Awesome Week!
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