Inventory will also remain lower than historical averages with the lack of available land for new construction (Inventory is currently and has been around 2 months and a “stable” market is typically 5 months). 2020 will continue to remain a seller’s market with the limited number of options for buyers to purchase compared the number of buyers wanting to purchase because of the low interest rates.
The higher end market ($600,00 and above) has cooled slightly, but those looking to purchase or sell average priced homes (around $300,000) should expect much of the same we have seen in Lane County over the last few years.
R&R Properties of Eugene
Licensed Oregon Principal Broker