December Residential Highlights
Sales activity this December in Greater Lane County continued to grow when compared to last December. Closed sales rose 38.4% and pending sales were up 24%. New listings also increased 26.9%.
Comparing December 2009 with November 2009, closed sales dropped 3.5% (245 v. 254) and pending sales fell 7.7% (181 v. 196). New listings declined 14.9% (302 v. 355).
At the month’s rate of sales, the 1,738 active residential listings would last approximately 7.1 months.
2009 Summary
Comparing market activity for 2009 with 2008, pending sales increased 3.3%. Closed sales were off last year’s pace by 1.3%. New listings fell 12.4%. Total sales volume for 2009 was $669 million, down from $740 million in 2008 (see graph on page 5).
Sale Prices
The average sale price for December 2009 was down 5.6% compared to December 2008, while the median sale price dropped 2.6%. See residential highlights table below.
For the year, the average sale price was down 8.5% compared to the 2008 level. The median sale price fell 9.1%.
