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.
• 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.