Market Updates

Jan. 20, 2021

Real Estate Stats: How Does 2020 Compare to 2019

2020 was great year for real estate in the greater Lane County area. The average sales price of a home increased an amazing 12.2% to $365,500 while the median sales price was up 13.3% to 336,500. The lack of inventory and low interest rates are fueling ...
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Posted in Market Updates
Sept. 1, 2020

Market Report: Residential Review of Lane County, Oregon

 
The real estate market in Lane County continues to be very active as interest rates are at all time lows. The average sales price comparing the first seven months of 2020 vs 2019 has increased an average of 9% from $320,900 to $349,700 and many properties are ...
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Posted in Market Updates
June 30, 2020

How Does the Market Look for May 2020

Currently there is approximately 2 months of inventory on the market. All sale categories have decreased in year to date 2019 vs 2020 with listings down 6.2%, pending sales down 10.1%, & sales down 13.1%. If you are just comparing the month of May in each year ...

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Posted in Market Updates
May 12, 2020

How Did the April Market Compare to Last Year?

In spite of the current coronavirus pandemic, the real estate market in the Eugene/Springfield and outlying communities (excluding the Florence coastal area) continues to move forward during the spring season. Although newly listed properties are down 31% from April 2020 compared to April 2019, pending and closed sales during ...
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Posted in Market Updates
April 21, 2020

Need to Defer Your Mortgage Payment due to Coronavirus? Here’s How:

As the economic impacts of the coronavirus pandemic begin to hit home, many Americans are worried about how they’ll make their mortgage payments, particularly for those laid off or have lost their jobs.
Fannie Mae and Freddie Mac, the government-sponsored enterprises that back millions of mortgages, this week said loan ...
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Posted in Market Updates
March 4, 2020

2019 Market Report Courtesy of RMLS

 

Year to Date Summary
Comparing the twelve months of 2019 to the same period in 2018, new listings (5,748) have decreased 10.1%, pending sales (4,849) have decreased 7.5%, and closed sales (4,872) have decreased 6.4%.
Average and Median Sale Prices
Comparing 2019 to ...
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Posted in Market Updates
March 4, 2020

Why You Should Sell Your Home in 2020

 
The housing market may not be as hot as in previous years, but selling now could be your best bet.
Few people are predicting that 2020 will be a record-breaking year for home sale prices.
But relatively speaking, 2020 might be the best time to put your house on ...
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Posted in Market Updates
Oct. 30, 2019

6 Tips to Buying in a Seller's Market

Summer is in full swing, and again this means many buyers (especially first time buyers) in our marketplace are faced with low inventory, multiple offers, and firm competition. We are years into a sellers’ market, and the pendulum doesn’t look like it will swing for the foreseeable future. The graphic above ...
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Posted in Market Updates
Oct. 30, 2019

Do You Know the Cost of Waiting?

DON'T WAIT TO BUY!
Taking advantage of today’s near record low interest rates could potentially save you thousands of dollars initially and tens of thousands over the life of your loan! For example, using a 4% interest rate, a $300,000 home, $4,000 a year in property taxes ...
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Posted in Market Updates
Oct. 30, 2019

Eugene Real Estate Market Data (Nov. 2018)

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It's time for another Real Estate market data update! Here you will find current market data (including pricing, inventory, and more) for Eugene.
Price: The market is hovering right around this plateau, although the median list price is up from a couple of months ago.
Inventory: Inventory has been ...
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Posted in Market Updates