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 the same period are only down 20%. The average price of a residential home is up 16% and homes are only taking an average of 36 days to sell.

When looking at the median sales price, You’ll find that it is up 16% and the median days on market are 13, meaning there are outliers that have caused the average to go up and homes are still selling fairly quickly. Interests rates remain strong in the low to mid 3% range depending on loan type, so buyers are still looking to purchase. All these factors make it a great time to sell right now.