Current Market Stats
Current Lane County Market Statistics
Lane County’s has almost doubled in one year. Comparing February 2008 inventory to February 2007, we see a 2008 inventory of 9 months compared to 4.9 months in February 2007, meaning that at the month’s rate of sales, the 1,131 active residential listings would last 9 months at the present rate of sales. Conversely, the number of closed sales fell 29.8% and pending sales decreased 32.6%.
Year-to-Date
When comparing January-February 2008 with the same period in 2007, the level of new listings remains the same. However, pending sales and closed sales decreased 27.9% and 30.8%, respectively.
Appreciation
Comparing the 12 months ending with February 2008 to the 12 months prior, the average sale climbed 3.7% amd the median sale price increased 4%.
|
Lane County |
New Listings |
Pending Sales |
Closed Sales |
Average Sale Price |
Average Market Time |
|
February 2008 |
594 |
269 |
214 |
237,900 |
89 |
|
Year to Date 2008 |
1,131 |
529 |
393 |
239,500 |
90 |
|
February 2007 |
593 |
399 |
305 |
253,800 |
73 |
|
Year to date 2007 |
1,131 |
734 |
568 |
249,100 |
74 |
|
|
|
|
|
|
|
Inventory in Months
Month |
2006 |
2007 |
2008 |
January |
3.8 |
5.6 |
10.2 |
February |
3.3 |
4.9 |
9 |
March |
2.4 |
4.3 |
|
April |
2.7 |
4.7 |
|
May |
2.8 |
4.5 |
|
June |
3.1 |
4.6 |
|
July |
3.8 |
6.0 |
|
August |
3.2 |
5.1 |
|
September |
4.5 |
8.0 |
|
October |
4.5 |
7.2 |
|
November |
5.6 |
8.3 |
|
December |
4.9 |
7.0 |
Source: RMLS
