Lane County Real Estate Market Data (Week of May 8)

    Here’s the latest and greatest on Lane County’s Real Estate market, including pricing, inventory, and more for Eugene, Springfield, and Cottage Grove:

    Eugene Market Data:

    eugene-quartiles-5-8-17

    • Price: While the list price has climbed since the start of the year, it looks to have paused for the time being around this plateau.
    • Inventory: With the exception of the fourth quartile of homes, inventory is trending upward, as the number of newly listed homes is greater than or equal to the number of those pending (“absorbed”).
    • Supply and Demand: It’s still a seller’s market, as home sales continues to outstrip supply, so anticipate upward pricing pressure if this trend continues.

     

    Springfield Market Data:

    springfield-quartiles-5-8-17

    • Price: Thanks to more sales and fewer homes listed, prices continue to climb as we approach the market’s all time high.
    • Inventory: Inventory is trending upward in the top two quartiles, as the number of newly listed homes is greater than the number of those pending (“absorbed”), and days-on-market continues to trend downward.
    • Supply and Demand: The market is getting hotter, and the current supply and demand levels show no signs of prices changing from their current trend.

     

    Cottage Grove Market Data:

    cottage-grove-quartiles-5-8-17

    • Price: The market price seems to have paused around this plateau but could face upward pricing pressure in the near future.
    • Inventory: Inventory has been decreasing lately as days-on-market continues to climb.
    • Supply and Demand: It’s still a seller’s market, as home sales continues to outstrip supply, so anticipate upward pricing pressure if this trend continues.

     

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