Good Monday Morning!
Real Estate sales in the Eugene and Springfield area were slightly down in September, but remaining at a higher pace than 2014. The biggest trend remains to be the lack of inventory. This is especially true in the lower price ranges. Don’t look for any serious changes as long as mortgage interest rates continue to be at their current low levels. Here are the numbers for September 2015.
Activity in Lane County cooled slightly this September, but all measures are still ahead of last September. Pending sales (461) fared 31.3% better compared to the 351 offers accepted in September 2014, though 9.8% below the 511 offers accepted in August 2015. Closed sales (443) rose 26.9% over the 349 closings posted in September 2014 but fell 1.8% short of the 451 closings from August 2015. New listings (486) showed an increase of 11.5% compared to last September (436) but were 21.0% lower than the 615 new listings offered last month in August 2015.
Inventory fell just slightly in September to 3.0 months.
Year to Date Summary
Activity was up during the first nine months of this year compared to the same period last year. Pending sales (4,094) were up 30.3%, closed sales (3,658) were up 28.8%, and new listings (5,400) were up 10.0% this year compared to the first nine months of 2014.
Average and Median Sale Prices
Comparing 2015 to 2014 through September of each year, the average sale price rose 3.5% from $235,200 to $243,400. In the same comparison, the median sale price rose 4.8% from $210,000 to $220,000.
Have An Awesome Week!
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