2019-10-18
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.

Click here to view the entire report.
September 2019




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