2020-06-15
Lane County Market Action May 2020

New listings (485) decreased 30.2% from the 695 listed in May 2019, and increased 18.0% from the 411 listed in April 2020.

Pending sales (465) decreased 15.3% from the 549 offers accepted in May 2019, and increased 31.4% from the 354 offers accepted in April 2020.

Closed sales (311) decreased 34.9% from the 478 closings in May 2019, and decreased 2.5% from the 319 closings in April 2020.

Inventory held steady at 2.0 months in May. Total market time increased to 38 days.

Comparing the first five months of 2020 to the same period in 2019, new listings (2,289) decreased 6.2%, pending sales (1,842) decreased 10.1%, and closed sales (1,539) decreased 13.1%.

Comparing 2020 to 2019 through May, the average sale price has increased 8.9% from $312,800 to $340,700. In the same comparison, the median sale price has increased 12.3% from $285,000 to $320,000.

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