Good Monday Morning!
The numbers are in and for August 2015 the Eugene and Springfield area Real Estate market slowed slightly, but overall sales were good. Here is what took place last month!
August Residential Highlights
August brought slightly cooler real estate activity to Lane County, but numbers remain ahead for the year overall. Pending sales (511) rose 20.8% ahead of the 423 offers accepted in August 2014, although 2.5% cooler than the 524 offers accepted last month in July 2015. Closed sales (451) fared similarly, besting last August’s 360 closings by 25.3% but cooling 16.8% from July 2015. New listings (615) were 7.0% ahead of the 575 new listings posted in August 2014, but 4.9% lower than the 647 new listings offered last month in July 2015.
Total market time decreased by one day in August to 79 days, and inventory increased to 3.2 months.
Year to Date Summary
Activity was up during the first eight months of this year compared to the same period last year. Pending sales (3,665) were up 30.0%, closed sales (3,189) were up 29.1%, and new listings (4,889) were up 9.7% this year compared to the first eight months of 2014.
Average and Median Sale Prices
Comparing 2015 to 2014 through August of each year, the average sale price rose 3.3% from $236,300 to $244,100. In the same comparison, the median sale price rose 4.0% from $211,500 to $220,000.
Have An Awesome Week!
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755 Horn Lane
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