2020 was great year for real estate in the greater Lane County area. The average sales price of a home increased an amazing 12.2% to $365,500 while the median sales price was up 13.3% to 336,500. The lack of inventory and low interest rates are fueling this appreciation. There is approximately 0.6 months of inventory available, meaning theoretically that if nothing else is listed it would take less than a month to sell through everything on the market.
 Interest rates remain in the high 2%’s for qualified buyers, which are around all-time lows. Multiple offers are being seen on many houses for sale. With all of these factors continuing to be in play, prices may continue to rise throughout 2021, but at what rate is yet to be seen.