Current Market Summary


August Residential Highlights August brought mixed numbers to Lane County, with numbers ending cooler than in August 2018. There were 520 closed sales, a 9.6% decrease from August 2018 (575) but outpacing July 2019 (492) by 5.7%. New listings (641) fell 9.8% short of the 711 new listings offered last year in August 2018 but rose 4.7% over the 612 new listings offered last month in July 2019. There were 502 pending sales, falling three short of August 2018 (505, -0.6%) and 9.4% of July 2019 (554). Total market time decreased by two days in August to end at 37 days, while inventory rose just slightly to 1.6 months.
Year to Date Summary Activity is cooler so far in 2019 compared with 2018. Comparing the first eight months of each, pending sales (3,556) have decreased 5.7%, closed sales (3,295) have decreased 7.5%, and new listings (4,359) have decreased 8.5%. Average and Median Sale Prices Comparing 2019 to 2018 through August, the average sale price has increased 5.6% from $307,200 to $324,500. In the same comparison, the median sale price has increased 5.2% from $280,500 to $295,000.