Good Monday Morning!
Real Estate sales in 2018 were not a great deal different than 2017. Home sales numbers were almost the same both years. The largest difference is the average home sales price as home prices continue to rise in the Eugene and Springfield area. Home inventories also remained low through both years, with first time buyers having a difficult time finding homes for sale in the lower price ranges. 2019 has started out looking very similar to both 2017 and 2018. Only time will tell if the trend of the last two years carries through this year. Here are the home sales statistics for December of 2018 and for the year 2018.
Lane County closed out 2018 with some mixed activity. New listings (228) outpaced December 2017 (223) by 2.2%, despite cooling 42.0% from last month in November 2018 (393). Even so, it was the best December for new listings in Lane County since 2011, when 231 were put on the market.
Pending sales (312) fared similarly, ending 1.0% higher than December 2017 (309) but showing a 11.1% decrease from November 2018 (351). Once again this was the strongest December for pendings since at least 2001 when RMLSTM started keeping record.
Closed sales, at 339, ended 8.6% below December 2017 (371) and 8.4% below November 2018 (370).
Total market time rose to 64 days in December, and inventory
decreased slightly to land at 1.9 months.
Year to Date Summary
Comparing the entirety of 2018 to 2017, new listings (6,394) increased 0.1%, closed sales (5,203) fell one short of 2017 (0.0%), and pending sales (5,240) decreased 0.3%.
Average and Median Sale Prices
Comparing 2018 to 2017 through December, the average sale price increased 7.3% from $287,900 to $309,000. In the same comparison, the median sale price rose 8.7% from $260,000 to $282,600.
Have An Awesome Week!
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