Lane County Housing Market February 2015

Lane County saw strong pending sales and new listings this February. It was the strongest February for pending sales since 2007.  New listings fared similarly well—the 467 postings were 4.0% ahead of January’s 449 and 33.0% ahead of last February’s 351.  Closed sales (206) cooled from both January’s 216 (-4.6%) and last February’s 214 (-3.7%), but remain up for the first two months of the year compared with the same time period in 2014.  Inventory in Lane County rose to 5.9 months in February, and total market time increased to 121 days. 

Comparing the average price of homes in the twelve months ending February 28th of this year ($235,900) with the average price of homes sold in the twelve months ending February 2014 ($227,200) shows an increase of 3.8%. The same comparison of the median shows an increase of 3.4% over that same period. 

If you have any questions or would like to talk about what options you might have, please feel free to contact me and I would love to discuss things with you.

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