We’re starting 2017 off with another R&R Properties of Eugene Real Estate market data update for Lane County! Check out the latest market data (including pricing, inventory, and more) for Eugene, Springfield, and Cottage Grove:

Eugene Market Data:

• Price: The median price for Eugene homes leveled out near the end of 2016, but are showing signs of a gradual increase.

• Inventory: With the exception of the second quartile of homes, the number of pending sales (“absorbed”) has been outpacing or equal to the number of newly listed homes, resulting in a decrease in inventory.

• Supply and Demand: The market has cooled a bit at the end of the year with prices somewhat flat, keeping the area in a seller’s market zone. However, if the market falls into the buyer’s zone, expect downward pressure on pricing.

Springfield Market Data:

• Price: The median price for homes around Springfield has plateaued around the end of the year.

• Inventory: Inventory has been somewhat light, and with the exception of the first quartile of homes, the number of pending sales (“absorbed”) has been outpacing the number of newly listed homes, resulting in a decrease in inventory.

• Supply and Demand: The market has been fairly static the past few weeks in terms of sales to inventory. Lower inventory levels is keeping the area in a seller’s market, however, if the market heats up, expect prices to resume an upward climb.

Cottage Grove Market Data:

• Price: The median list price for Cottage Grove is showing a slight downward trend as a result of the market cooling off consistently for several weeks.

• Inventory: Inventory is tightening due to average days-on-market decreasing and the number of pending sales (“absorbed”) outpacing the number of newly listed homes (with the exception of the fourth quartile).

• Supply and Demand: With more homes available and lower demand, the market has cooled off, resulting in lower average prices, and remains a seller’s market for the time being.

Welcome to the first R&R Properties of Eugene blog featuring Real Estate market data for Lane County, Oregon. We are your source for current market data (including pricing, inventory, and more) for Eugene, Springfield, and Cottage Grove each month. Let’s get started!

Eugene Market Data:

• Price: The median price for Eugene homes has increased significantly over the past year.

• Inventory: The number of pending sales (“absorbed”) has been outpacing or almost equal to the number of newly listed homes, resulting in a decrease in inventory.

• Supply and Demand: In terms of sales to inventory, the market has been fairly stagnant the past few weeks. However, low inventory is keeping the area in a seller’s market zone, and if the market heats up, prices will likely resume in an upward climb.

Springfield Market Data:

• Price: The median price for homes in Springfield has increased significantly over the past year, but has recently plateaued.

• Inventory: The number of pending sales (“absorbed”) has been outpacing or almost equal to the number of newly listed homes, resulting in a decrease in inventory.

• Supply and Demand: In terms of sales to inventory, the market has been fairly stagnant the past few weeks. However, low inventory is keeping the area in a seller’s market zone, and if the market heats up, prices will likely resume an upward climb.

Cottage Grove Market Data:

• Price: While the median price for Cottage Grove homes did not fluctuate much this week, it has increased over the past year and is relatively close to the market’s price high-point.

• Inventory: Inventory has been decreasing lately, while the days-on-market (DOM) are seeing an increase.

• Supply and Demand: The past several weeks have seen consistent cooling in the market conditions. Prices have not yet begun to drop, as it is still a seller’s market. Prices may begin to fall if demand stays slack over the next few weeks.