February 2011: Lane County a Buyer’s Market

 

According to recent market statistics released by RMLS, it’s still a buyer’s market for real estate in Lane County.  February 2011 showed another month of a soft market.

Highlights are:

•    Typical sales price about 200K.  (Median: 192K, Mean: 214K).

•    About 1 year’s inventory on the market.  Figures greater than 6 months indicate a buyer’s market.

•    Time on the market from listing to sale: close to ½ year.  This increase could be due to the larger number of distressed properties on the market, which often take longer to sell.

•    Median house price in Eugene Springfield was 159K, falling to values not seen in seven years.

It’s a good time to buy, and things are still selling.  Contact me if you’re interested in buying or selling real estate in Eugene.

Continued downward pressure on Lane County real estate in February 2011

 

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