Current Market Summary


June Residential Highlights
Lane County saw some cooler numbers this June. There were 471 closed sales, falling 1.7% short of the 479 closings recorded last year in June 2018 and 1.5% short of the 478 recorded last month in May 2019.
Pending sales, at 540, similarly ended 3.7% cooler than in June 2018 (561) and fell 1.6% short of the 549 offers accepted last month in May 2019.
New listings, at 623, decreased 15.0% from June 2018 (733) and 10.4% from May 2019 (695). The prior June with fewer new listings was in 2013, when 602 were offered.
Total market time decreased to 38 days in June, with inventory increasing slightly to 1.6 months.
Year to Date Summary
Activity is cooler so far in 2019 compared with 2018. Comparing the first six months of each, closed sales (2,251) have decreased 7.7%, pending sales (2,558) have decreased 8.2%, and new listings (3,077) have decreased 8.7%.
Average and Median Sale Prices
Comparing 2019 to 2018 through June, the average sale price has increased 4.5% from $302,500 to $316,200. In the same comparison, the median sale price has increased 4.3% from $277,000 to $289,000.