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 getting multiple offers. During this same period, listings (-7.9%), pendings (-5.0%), and sales (-8.8%) are all down. This most likely can be attributed to COVID-19 and our current economic environment.  Inventory levels, the amount of time it would theoretically take to sell all homes on the market, are down approximately 40% year to date, from 1.5 months to 0.9 months.
 For a seller, it’s the perfect time to sell if you are considering it as many homes are selling for above their listed price. Although this may seem not advantageous to buyers, the low interest rates are allowing them to purchase homes in higher price points than previously, still making it affordable. If you considering either selling or purchasing now may be the time and a great opportunity.