According to RMLS news report, the residentials real estate inventory in Lane County Oregon rose to 5.5 months in January.
January Residential Highlights New listings and pending sales saw strong activity this January in Lane County. New listings (449) fared 14.2% better than the 393 new listings posted last January and 105.0% better than the 219 new listings posted in December 2014. Pending sales (304) rose 4.8% compared to the 290 offers accepted last January and 32.8% compared to the 229 offers accepted last month. It was the strongest January for pending sales since 2007 when there were 354 posted for the month! Closed sales (216) cooled slightly (25.3%) from the 289 closings in December 2014 but were 23.4% above last January’s 175 closings. Inventory in Lane County rose to 5.5 months in January, and total market time increased to 110 days.
Average and Median Sale Prices Comparing the average price of homes in the twelve months ending January 31st of this year ($236,000) with the average price of homes sold in the twelve months ending January 2014 ($225,400) shows an increase of 4.7%. The same comparison of the median shows an increase of 5.5% over that same period.