2019-11-14
Lane County Market Action October 2019
Lane county saw cooler activity this October. At 409, closings ended 2.9% short of October 2018 (421) and fell 4.7% from the 429 closings recorded last month in September 2019.

Pending sales, at 394, fell 13.4% short of October 2018 when 455 offers were accepted, and 6.2% short of September 2019 when 420 offers were accepted. 

There were 424 new listings, ending 9.6% below the 469 new listings offered back in October 2018 and 4.9% below the 446 offered just last month in September 2019.

Inventory increased remained the same at 1.8 months in October. Total market time increased to 45 days.

Activity is cooler so far in 2019 compared with 2018, comparing the first ten months of each, pending sales (4,314) have decreased 6.4%, closed sales (4,178) have decreased 6.1%, and new listings (5,257) have decreased 8.6%.

Comparing 2019 to 2018 through October, the average sale price has increased 5.3% from $308,200 to $324,400. In the same comparison, the median sale price has increased 4.6% from $282,000 to $295,00.

Please feel free to contact me if you have any questions about the current market or how it might impact you. 

Click Here to see the entire report.
Market Action October 2019



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