Eugene Real Estate Market Update, June 2011

Filed under: Statistics — admin at 11:48 am on Monday, July 18, 2011

June Residential Highlights

Sales activity in Greater Lane County was mixed in June 2011. While closed sales fell compared to the same month last year, pending sales saw a rise. Comparing June 2011 with June 2010 shows closed sales were down 11.3%, while pending sales increased 0.7%. New listings fell 17.7%. Comparison of May 2011 with June 2011 shows that closed sales grew from 268 to 297 (10.8%). Pending sales were down from 339 to 276 (-18.6%). New listings fell from 522 to 496 (-5%).

At the month’s rate of sales, the 2,091 active residential listings would last approximately 7 months, the lowest inventory level since October 2009. Sale Prices Comparing June 2011 to June 2010, the average sale price grew by 0.8%. The median sale price fell 10.1%. Comparing May 2011 to June 2011, the average sale price grew from $189,900 to $229,000 (20.6%), and the median sale price also increased from $169,900 to $182,400 (7.4%).

For more information, see the June 2011 Market Report.

Courtesy of RMLS.

2 Comments

Comment by Justin Robins

August 20, 2011 @ 7:47 am

Have not been to Eugene in years! How is the real estate market doing there? Did this summer pick up?

Comment by admin

August 31, 2011 @ 12:56 pm

The market is still a mixed bag, but 50 year record low interest rates certainly don’t hurt :)

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