January 2013 Lane County Oregon Real Estate Prices

Today, the NAR released national real estate market statistics for January 2013.  Nationally, there is a pretty strong seller’s market, with house supplies under 5 months.  A 6 month supply is said to be balanced between buyers and sellers.  Nationally, prices continue up at 12.3% greater, compared to a year ago.  Distressed sales, short sales and bank-owned, make up between 1 in 4 and 1 in 5 sales.

In Lane County supply is also fairly low, weighing in at 6.8 months in January 2013, up from 5.2 months in December 2012, but down from 7.8 months a year ago, according to RMLS.  January sales tend to be pretty low in Lane County.  For reference, we were at over 20 months in January 2009, at the depths of the Great Recession.  Prices continued up last month, with a median price of $186,300 compared to $182,000 two months ago in December 2012.  January 2013 prices were 10.2% greater than those in January 2012.  Lane County prices are a little above the national average.  Prices are trending up and interest rates are low, now is a good time to buy or sell real estate in Lane County.  Please call me if you have questions.

January 2013 National and Lane County Real Estate Stats.

January 2013 National and Lane County Real Estate Stats.

Advertisements

One thought on “January 2013 Lane County Oregon Real Estate Prices

  1. Pingback: Housing Prices Continue to Rise Nationwide, in Portland, and Eugene Springfield | Eugene Oregon Real Estate Blog by Craig Tomlinson

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s