Lane County Housing Market June 2017
June brought mixed numbers to Lane County for real estate activity.
New listings (713) outpaced June 2016 (671) by 6.3% but decreased 5.2% from last month in May (752). The last time new listings were stronger in June was in 2008, when 723 were offered. Closed sales (510) were 2.7% cooler than last year in June 2016 (524) but showed a 14.9% increase over last month in May (444). Pending sales, at 544, ended 2.0% cooler than last year in June 2016 when 555 offers were accepted but ended 14.7% below the 638 offers accepted last month.
Inventory edged slightly higher in June, ending at 1.7 months. During the same period, total market time decreased to 40 days.
Comparing the first 6 months of 2017 to the same time period of 2016, new listings (3,383) have decreased 0.6%, closed sales (2,307) have decreased 3.0% and pending sales (2,739) have decreased 4.0%.
When comparing 2017 to 2016 through June of each year, the average sale price rose 8.8% from $259,100 to $281,900. In the same comparison, the median sale price rose 9.2% from $232,500 to $254,000.
Please feel free to contact me with any questions or concerns you may have about the current market. I'm always here to help.
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