REAL ESTATE MARKET REPORT - Q1 20195/1/2019
A series of ups and downs, that’s the best way to describe the first quarter real estate market in Eugene and Southern Oregon. Homes moved a bit quicker in Eugene and Lane County than the same time last year, experiencing fewer days on the market, but the opposite was true in Roseburg. Closed transactions fell in both regions this quarter, while average sales price increased across both markets.
“Average sales price posted a strong first quarter, up 5.2% year-over-year in Greater Eugene and Lane County to $304,193, and also up 7.1% in Roseburg when compared with year-ago
– Jason Waugh, CEO & President
DAYS ON MARKET
Average market time in the fourth quarter was 56 days in Greater Eugene/Lane County, a minor 1.8% drop compared with 57 days the year prior. The Roseburg market told a different story: Days on market jumped 11.6% year-over-year to 77 days in the first quarter of 2019 from 69 days in 2018.
CLOSED TRANSACTIONS (RESALE SINGLE AND CONDO)
Numbers were down across the board for closed transactions. First quarter closings in Greater Eugene and Lane County dropped 18.3% from year-ago figures and fell 15.8% in the Roseburg marketplace.
AVERAGE SALES PRICE
Average sales price posted a strong first quarter, up 5.2% year-over-year in Greater Eugene and Lane County to $304,193, and also up 7.1% in Roseburg when compared with year-ago figures, to finish the first quarter at an average sales price of $255,235 for the region.