Lane County Housing Market October 2018

October brought mixed numbers to Lane County, but new listings saw a gain over October 2017. At 469, new listings rose 5.2% ahead of the 446 new listings offered last year in October 2017, despite a 2.9% cooling from last month in September 2018 (483). 

Closed sales (421) were 5.5% warmer than last month in September 2018 (399) but fell 1.6% short of the 428 closings recorded last year in October 2017.

Pending sales fared similarly, warming 6.1% over the 429 offers accepted in September 2018 but falling 4.6% short of the 477 accepted last year in October 2017. 

Total market time rose to 43 days in October with inventory decreasing slightly to 2.1 months.

Comparing the first ten months of 2018 to 2017, closed sales (4,451) have increased 1.9%. Pending sales (4,611) have decreased 0.4% and new listings (5,753) have decreased 0.5%.

Comparing 2018 to 2017 through October of each year, the average sale price has increased 6.9% from $288,200 to $308,200. In the same comparison, the median sale price rose 8.5% from $260,000 to $282,000.

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Please feel free to give me a call if you have any questions about the current market.
Oct 2018 Pic

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