August Residential Highlights
August brought plenty of accepted offers to Lane County! The 423 pending showed an increase of 14.6% over the offers accepted last August and a 12.8% increase over last month's. In fact, it was the best August for pending sales in Lane County since 2006!
Closed sales (360) fell 7.7% compared to July and 11.8% compared to last August. Likewise, new listings (575) fell 2.7% compared to the same month last year and 11% compared to the previous month.
Inventory in Lane County rose slightly to 5 months in August and total market time increased to 92 days.
Year to Date Summary
In the first eight months of the year, new listings (4,458) have increased 3.1% over the same period in 2013. However, pending sales (2,819) and closed sales (2,470) have decreased 0.3% and 4.2% from the same time last year.
Average & Median Sales Prices
The average price during the first eight months of 2014 was $236,300 up 4% from the same period of 2013, when the average was $227,300.
In the same comparison, the median has risen 4.7% from $202,000 to $211,500.
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