Lane County Market Action March 2020

There were 557 new listings, 25.5% more than in March 2019 (444) and 47.7% more than last month in February 2020 (377). Pending sales (374) decreased 17.4% from March 2019 (453) and rose 2.2% from last month February 2020 when 366 offers were accepted. Closed sales (341) increase 8.6% from March 2019 (314) and rose 20.1% from the 284 closings recorded last month in February 2020.

Inventory increased slightly to 1.7 months in March. Total market time decreased to 42 days. 

Comparing the first three months of 2020 to the same period in 2019, new listings (1,381) increased 19.9%, pending sales (1,061) decreased 1.3% and closed sales (887) decreased 1.1%.

Comparing 2020 to 2019 through March, the average sale price has increased 9.6% from $306,200 to $335,700. In the same comparison, the median sale price has increased 12.5% from $280,000 to $315,000.

The caveat is, we are experiencing these changes compared to the "Snowmageddon" of last year at this time. This is an uncertain time and it will be interesting to see what the numbers will do moving forward. Please feel free to contact me with any questions you have about the current market. 

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