July Real Estate stats are out for Lane County. This is what we saw last month and so far this year for.

RESIDENTIAL HIGHLIGHTS:

Activity cooled slightly this July, but numbers are still strong compared to last July. New listings (646) fared 9.1% better than new listings posted in July 2013, but just 0.8% better than the new listing posted in June 2014.

Closed sales (390), improved 8.3% over closings from July 2013, and fared 0.3% better than the closings posted in June of 2014.

Pending sales (375) fell 16.7% from last July's accepted offers, and 12.4% from June's accepted offers in 2014.

July saw total market time decrease to 77 days (Great News for Sellers!), and inventory rose slightly to 4.6 months versus the 4.3 months we saw in June.

YEAR-TO-DATE SUMMARY:

In the first seven months of this year, new listings (3,870) have increased 3.9% over the same period in 2013. (Good news for Buyers with our current low inventory!) However, pending sales (2,422) and closed sales (2,098) have decreased 2.5% and 2.4% from the same time last year.

AVERAGE SALES PRICE:

The average sales price during the first seven months of 2014 was $235,000, up 3.6% from the same period of 2013, when the average was $226,800.

Please don't hesitate to call me if you have any Real Estate needs or questions. Have a wonderful day!

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