Current Market Summary


May Residential Highlights
Lane County saw healthy gains aross the board this May, with closings leading the way. At 478, closed sales outpaced May 2018 (451) by 6.0% and April 2019 (364) by 31.3%. This was a new May record for Lane County closings, the closest prior May having 467 closings back in 2004.
Pending sales (549) saw a 5.4% gain against May 2018 (521) along with a 17.8% gain compared with last month in April 2019 (466).
New listings, at 695, ended 2.2% ahead of May 2018 (680) and 20.2% ahead of April 2019 (578).
Inventory in May decreased slightly to 1.5 months, and total market time decreased by four days to end at 44 days.
Year to Date Summary
Activity is cooler so far in 2019 compared with 2018. Comparing the first five months of each, new listings (2,439) have decreased 7.2%, closed sales (1,771) have decreased 8.8%, and pending sales (2,048) have decreased 9.5%.
Average and Median Sale Prices
Comparing 2019 to 2018 through May, the average sale price has increased 5.8% from $295,600 to $312,800. In the same comparison, the median sale price has increased 4.4% from $273,000 to $285,000.