Lane County Housing Market April 2015
Lane County saw increased real estate activity across the board this April. Pending sales saw a 56.6% increase over April 2014 and a 18% increase over last month. It was the strongest April for pending sales in Lane County on the RMLS record! Closed sales at 382, outpaced last April by 29.9% and last month (341) by 12%-the strongest April since 2006. With 687 new listings in April, this was an increase of 15.7% over last April and 19.7% compared to March 2015.
Inventory in Lane County decreased to 3.4 months with total market time decreasing to 95 days in the same period.
Prices have been higher in 2015 than in 2014. Comparatively, the average sale price rose 5.2% from $225,200 to $236,900. As for median sales price, it rose 5.6% from $203,100 to $214,500.
The market is hot right now with some of the quickest turn around in years. Please feel free to contact me with any questions or to find out what this all means for you.
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