Lane County Market Action October 2017
Lane County brought mixed numbers in October, but numbers are up across the board compared to October 2016. Pending sales, at 477, showed a 14.4% increase over October 2016 (417) and a 3.7% increase compared to last months 460. It was the strongest October for pending sales in Lane County since at least .
New listings, at 466, increased 23.5% compared to October 2016 (361) but fell 14.9% short of the 524 new listings offered just last month in September 2017.
Closed sales fared similarly. With 428 closed sales in October, closings increased 6.5% from October 2016 but decreased 7.6% from last month in September 2017.
Comparing the first ten months in 2017 to the same period in 2016, new listings have increased 2.3%, closed sales have remained steady, and pending sales have decreased 1.9%. The average sale price, when comparing 2017 to 2016 through October of each year, rose 9.5% from $263,200 to $288,200. In the same comparison, the median sale price rose 10.6% from $235,000 to $260,000.
Please feel free to contact me with any questions you have about the current market.
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