Lane County Market Action September 2019

Closed sales had the sole gain this month in Lane County, relative to September of 2018. At 429, closings ended 7.5% ahead of September 2018 (399) but fell 17.5% short of the 520 closings recorded last month in August 2019.

Pending sales, at 420, fell 2.1% short of September 2018 when 429 offers were accepted, at 16.3% short of August 2019 when 502 offers were accepted.

There were 446 new listings, ending 7.7% below the 483 new listings offered back in September 2018 and 30.4% below the 641 offered just last month in August 2019.

Inventory increased slightly to 1.8 months in September. Total market time increased by a week to end at 37 days.

Activity is cooler so far in 20119 compared with 2018. Comparing the first nine months of each, pending sales (3,949) have decreased 5.6%, closed sales (3,747) have decreased 6.2%, and new listings (4,817) have decreased 8.4%. 

Comparing 2019 to 2018 through September, the average sale price has increased 5.7% from $307,300 to $324,900. In the same comparison, the median sale price has increased 5.0% from $281,000 to $295,000.

Please contact me with any questions you have about the market or it's impact on you. I'm always available to answer any of your questions.

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September 2019

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