Lane County Housing Market January 2019
Lane County started the year with some cooler activity relative to last January. New listings, at 371, ended 12.9% cooler than last year in January 2018, despite showing a 62.7% increase from last month in December 2018, when 228 new listings were offered.
Pending sales fared similarly, cooling 18.4% from January 2018 (425) but warming 11.2% from December 2018, when 312 offers were accept3ed.
Closed sales, at 279, decreased 14.4% from January 2018 (326) and 17.7% from December 2018 (339). Inventory rose in January to 2.2 months, with total market time decreasing by two days to end at 62 days during the same period.
Comparing the average price of homes ending January 31st of this year ($309,500) with the average price of homes sold in the twelve months ending January 2018 ($289,100) shows an increase of 7.1%. The same comparison of the median shows an increase of 8.8% over the same period.
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