2016-03-11
Lane County Housing Market February 2016

Pending Sales and closed sales were strong again in February for Lane County. Closings rose 37.9% over February of last year. The 284 closings fared 9.2% above the 260 posted last month in January. February of 2007 was the last time closings have been this strong, when 305 sales closed.

Similarly, pending sales (420) rose 14.1% over the 368 offers accepted in February 2015 & 27.3% over the 330 offers accepted in January. This is the strongest February for pendings since at least 2001. 

New Listings (416) however, decreased 10.9% from the 467 in February 2015 and fell short of the 420 new listings in January 2016. 

Comparing prices in the 12 months previous, it shows an increase of 3.6% for the average sale price and 4.2% increase for the median sale price.

With inventory still low, it is a sellers market and I am here to help with any questions you may have regarding how this might impact you. Please feel free to contact me at any time.

Click Here to view the entire report.




Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.