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.