Lane County Market Action November 2017

Lane County saw gains this November, despite some cooling from last month. New listings (345) ended 25% ahead of November 2017 (276) and was the best November for new listings in the county since 2009, when there were 355 offered.

Pending sales (366) outpaced November 2016 (327) by 11.9% despite a 23.3% decrease from October 2017 (477).

Similarly, closed sales (394) saw a 4.8% increase over November 2016 (376) but a 7.9% decrease compared to last month in October 2017 (428).

Inventory held steady at 2.0 months, with total market time increasing slightly to 45 days. 

When comparing the first eleven months in 2017 to the same period in 2016, new listings (6,142) have increased 3.4% and closed sales (4,808) have increased 0.8%, while pending sales (4,968) have decreased slightly by 0.9%.

The average sale price, when comparing the same time frame, has risen 9.4% from $263,500 to $288,300 & the median sale price rose 9.9% from $236,500 to $260,000.

The market has cooled, but there is still a ton of action! Feel free to contact me with any Real Estate questions you might have.

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