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The Market You See Today Will Not Be With Us Much Longer

Good Monday Morning!

There has not been any significant change in the Eugene/Springfield area Real Estate market over the last month. The number of homes for sale hitting the market declined at the same time that then number of homes sold increased.  This indicates that we remain in a very strong sellers market at this time.  Long term, the rising mortgage interest rates and continued increases in home values are sure to slow this market.  As I have been saying for the past several months, if you are considering the sale of your home this year, DON'T WAIT!  The market you see today will not be with us much longer. Here are the current home sales statistics for Lane County in the month of April 2022.

New listings (490) decreased 6.3% from the 523 listed in April 2021, and decreased 7.5% from the 530 listed in March 2022.

Pending sales (453) decreased 0.9% from the 457 offers accepted in April 2021, and decreased 3.8% from the 471 offers accepted in March 2022.

Closed sales (411) increased 11.1% from the 370 closings in April 2021, and increased 1.2% from the 406 closings in March 2022.

Inventory and Market Time

Inventory held steady at 0.7 months in April. Total market time decreased to 25 days.

Year-To-Date Summary

Comparing the first four months of 2022 to the same period in 2021, new listings (1,804) increased 5.2%, pending sales (1,612) increased 3.3%, and closed sales (1,389) increased 2.9%.

Average and Median Sale Prices

Comparing 2022 to 2021 through April, the average sale price has increased 17.6% from $398,800 to $469,000. In the same comparison, the median sale price has increased 15.7% from $369,000 to $427,000.

Have An Awesome Week!

Stay Healthy! Stay Safe! Remain Positive! Trust in God!


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